MARKHAM, ON--(Marketwired - June 15, 2016) - Sienna Senior Living Inc. ("Sienna" or the "Company") (
The dividend will be payable on July 15, 2016 to shareholders of record as at June 30, 2016. Additionally, all holders of the Company's Subscription Receipts will receive a cash payment per Subscription Receipt equal to, and paid on the same date as, the dividend paid per Common Share.
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 (
Contact Information:
Nitin Jain
Executive Vice President & Chief Financial Officer
(905) 489-0787
Nitin.Jain@siennaliving.ca