Chartwell’s renewal of its at-the-market equity distribution program for the sale of up to $500 million of trust units Chartwell’s renewal of its at-the-market equity distribution program for the sale of up to $500 million of trust units

On November 6, 2025, Chartwell Retirement Residences (Chartwell) filed a prospectus supplement to renew its at-the-market equity distribution program (the ATM Program). The ATM Program allows Chartwell to issue up to $500 million of trust units from treasury to the public from time to time during the term of the ATM Program, at its discretion, through the Toronto Stock Exchange or any other permitted marketplace at the market prices prevailing at the time of sale. The ATM Program is designed to provide Chartwell with additional financing flexibility, should it be required in the future. Chartwell intends to use the net proceeds from the ATM Program, if any, for future property acquisitions, development and redevelopment opportunities, repayment of indebtedness and for general trust purposes.

Chartwell is an unincorporated, open-ended real estate trust which indirectly owns and operates a complete range of seniors housing communities, from independent living through to assisted living and long-term care. Chartwell is one of the largest operators in Canada, serving approximately 25,000 residents in four provinces across the country.

Osler, Hoskin & Harcourt LLP advised Chartwell with a team consisting of Rosalind Hunter, Wesley Cohen and Kiana Blake (Corporate), and David Davachi and Emily Gilmour (Tax).