Chartwell Announces Closing of $345 Million Trust Unit Offering

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MISSISSAUGA, Ontario, June 27, 2024 (GLOBE NEWSWIRE) -- Chartwell Retirement Residences (TSX:CSH.UN) (“Chartwell”) announced the closing of its previously announced public offering (the “Offering”) of 28,290,000 of trust units (“Trust Units”), inclusive of 3,690,000 Trust Units issued pursuant to the exercise in full of the over-allotment option, at a price of $12.20 per Trust Unit for total gross proceeds of approximately $345 million. The Offering was completed on a bought deal basis through a syndicate of investment dealers led by TD Securities Inc., Scotiabank and RBC Capital Markets.