Sienna Senior Living Inc T.SIA

Alternate Symbol(s): LWSCF

Healthcare

Sienna Senior Living Inc. is a Canada-based senior living provider. The Company offers a full range of senior living options, including independent living (IL), assisted living (AL) and memory care (MC) under its Aspira retirement brand, long-term care (LTC), and specialized programs and services. The Company owns and operates senior living residences in the Provinces of British Columbia, Saskatchewan and Ontario. The Company owns and operates a total of approximately 82 senior living residences: 40 retirement residences (RRs) (including the Company's 50% joint venture interest in 12 residences in Ontario and Saskatchewan); 34 LTC communities; and eight senior living residences providing both private-pay IL/AL and funded LTC (including the Company's joint ownership in two residences in British Columbia). The Company also provides management services to an additional 12 senior living residences in the Provinces of British Columbia, Ontario and Alberta.

TSX:SIA - Post by User

Sienna Senior Living Inc

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Post by newcoinon Mar 31, 2022 11:17am

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Post# 34563027

Guests and Regulars on BNN often refer to SIA as a REIT

Sienna is NOT a REIT. Interesting how it seems everyone gets it wrong?

'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.'

A REIT's distributions are not 'eligible dividends'.

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