MARKHAM, Ontario, Sept. 14, 2018 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the
“Company”) (TSX: SIA) today announced a dividend of $0.0765 per common share of the Company (each, a “Common
Share”) for the month of September 2018, representing $0.918 per Common Share on an annualized basis.
The dividend will be payable on October 15, 2018 to shareholders of record as at September 28, 2018.
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 Inc. (TSX:SIA) is a leading seniors' living provider with 85 seniors' living residences in
key markets in Canada. Sienna offers a full range of seniors' living options, including independent and assisted living, long-term
and residential care, and specialized programs and services. Sienna also provides expert management services. Sienna is committed
to national growth, while driving long-term value for shareholders. The Company's approximately 12,000 employees are passionate
about helping residents live fully every day, and were the driving force behind Sienna being named one of Canada's Most Admired
Corporate Cultures in 2017. For more information, please visit www.siennaliving.ca.
CONTACT:
Nitin Jain
Chief Financial Officer & Chief Investment Officer
(905) 489-0787
Nitin.Jain@siennaliving.ca