MARKHAM, Ontario, Dec. 14, 2018 (GLOBE NEWSWIRE) — Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) at the moment introduced a dividend of $0.0765 per frequent share of the Company (every, a “Common Share”) for the month of December 2018, representing $0.918 per Common Share on an annualized foundation.
The dividend can be payable on January 15, 2019 to shareholders of document as at December 31, 2018.
The Company’s dividends are designated as eligible dividends for Canadian tax functions in accordance with subsection 89(14) of the Income Tax Act (Canada), and any relevant corresponding provincial and territorial laws.
Sienna has a Dividend Reinvestment Plan (the “DRIP”) which permits eligible shareholders of the Company to direct that their money dividends be reinvested in further Common Shares. Common Shares issued pursuant to the DRIP are issued from treasury at a 3% low cost from the market value. Participation within the DRIP is non-compulsory and shareholders who don’t want to take part within the plan will proceed to obtain money dividends. A whole copy of the DRIP is obtainable beneath the Investors part of the Company’s web site.
ABOUT SIENNA SENIOR LIVING
Sienna Senior Living Inc. (TSX:SIA) is a number one seniors’ residing supplier with 87 seniors’ residing residences in key markets in Canada. Sienna affords a full vary of seniors’ residing choices, together with impartial and assisted residing, long-term and residential care, and specialised applications and companies. Sienna additionally supplies skilled administration companies. Sienna is dedicated to nationwide progress, whereas driving long-term worth for shareholders. The Company’s roughly 12,000 workers are obsessed with serving to residents reside absolutely each day, and had been the driving power behind Sienna being named one among Canada’s Most Admired Corporate Cultures in 2017. For extra data, please go to www.siennaliving.ca.
Chief Financial Officer & Chief Investment Officer