Chartwell Retirement Residences T.CSH.UN

Alternate Symbol(s): CWSRF

Healthcare

Chartwell Retirement Residences is a Canada-based open-ended real estate trust. The Company is engaged in the business of serving and caring for Canada’s seniors. The Company owns and operates a range of seniors housing residences, from independent supportive living through assisted living to long term care. The Company operates through the Retirement Operations segment. It provides resident services and care in settings, such as independent living apartments (IL), independent supportive living-apartments (ISLA), independent supportive living-suites (ISLS), assisted living (AL), and long term care (LTC), among others. The Company’s portfolio groupings are the same property; acquisitions and development; and dispositions and repositioning. Its Retirement Operations property portfolio includes Western Canada, Ontario, Quebec, and others. The Company serves over 25,000 residents in four provinces across the country.

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Chartwell Retirement Residences

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Comment by testy1on Nov 12, 2010 5:57pm

384 Views

Post# 17700868

RE: RE: RE: RE: WOW!

You did bettter than I did. I got some at 8.07.

I sold all my units shortly after the dilution for 9.40. I'd been buying and holding for years. Some I had bought at $3.40 or less a couple of years ago when the dividend was nice. I bought back about a third of my position today. Next week I'll either buy back the rest if the price dops under 8 or I'll sell what I have if it gets close around 9.

I can't see a distribution increase in the foreseeable future so I have to buy the units at a point where I can get around 7 or 8 percent.. That means a unit price of $7.00 to $8.00. Investors are looking for yield and that's what I'm looking for as well.

What scares me is what would happen to the unit price if they cut the distribution again.

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