MARKHAM, ON–(Marketwired – November 15, 2016) – Sienna Senior Living Inc. (“Sienna” or the “Company“) (TSX: SIA) today announced a dividend of $0.075 per common share of the Company (each, a “Common Share”) for the month of November 2016, representing $0.90 per Common Share on an annualized basis.
The dividend will be payable on December 15, 2016 to shareholders of record as at November 30, 2016.
The Company’s dividends are designated as eligible dividends for Canadian tax purposes in accordance with subsection 89(14) of the Income Tax Act (Canada), and any applicable corresponding provincial and territorial legislation.
Sienna has a Dividend Reinvestment Plan (the “DRIP”) which allows eligible shareholders of the Company to direct that their cash dividends be reinvested in additional Common Shares. Common Shares issued pursuant to the DRIP are issued from treasury at a 3% discount from the market price. Participation in the DRIP is optional and shareholders who do not wish to participate in the plan will continue to receive cash dividends. A complete copy of the DRIP is available under the Investors section of the Company’s website.
ABOUT SIENNA SENIOR LIVING
Sienna Senior Living (TSX: SIA) is one of Canada’s leading seniors living providers, serving the continuum of independent and assisted living, long-term care and specialized seniors programs and services through the operation of its 55 residences. We are committed to national growth, while driving long-term value creation for our shareholders. Our 9,000 employees are dedicated to helping residents live fully, every day. For more information, please visit www.siennaliving.ca.
CONTACT:
Nitin Jain
Executive Vice President & Chief Financial Officer
(905) 489-0787
Nitin.Jain@siennaliving.ca