Business & Finance
Business and Finance
Business and Finance
Mon, April 16, 2012 
April 16, 2012 12:32 ET
Chartwell REIT Announces April 2012 Distribution
MISSISSAUGA, ONTARIO--(Marketwire - April 16, 2012) - Chartwell Seniors Housing Real Estate Investment Trust (TSX:CSH.UN) ("Chartwell") announced today a cash distribution of $0.0450 per Trust Unit for the month of April 2012. The cash distribution will be payable on May 15, 2012 to unitholders of record on April 30, 2012.
Unitholders can participate in Chartwell's Distribution Reinvestment Plan ("DRIP"). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units, and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell's website at [ www.chartwellreit.ca ] or from a unitholder's investment advisor.
Chartwell is a real estate investment trust that owns and operates a complete range of seniors housing communities from independent supportive living through assisted living to long term care. It is one of the largest participants in the seniors housing business in North America. Chartwell's aim is to capitalize on the strong demographic trends present in its markets to maximize the value of its existing portfolio of seniors housing communities, and prudently avail itself of opportunities to grow both internally and through accretive acquisitions.
