Core Viewpoint - Brookdale Senior Living Inc. is urging shareholders to vote for its nominated directors, emphasizing that the current board's strategy is effectively driving shareholder value and operational momentum [1][3][11]. Financial Performance - In June, Brookdale achieved an 81.1% same community weighted average occupancy, with a month-end occupancy of 82.8%, indicating strong demand and sales execution [2]. - The second quarter weighted average consolidated occupancy was 80.1%, marking a significant milestone for cash flow growth [2]. - Since 2022, Brookdale has renegotiated leases for approximately 250 communities and reduced the number of leased units by 19% since Q1 2021, with plans to decrease its community portfolio to less than 600 by year-end 2025 from over 1,000 in 2017 [7]. Board Composition and Strategy - Brookdale's board consists of eight highly qualified directors, seven of whom are independent, with an average tenure of less than four years, ensuring a mix of skills critical for the company's growth [5][4]. - The board is actively engaged in a CEO search process, supported by an independent search firm, to find a candidate with the necessary experience in senior living, healthcare, hospitality, and real estate [6]. Shareholder Engagement - The company has made efforts to engage with Ortelius Advisors to avoid a proxy contest, but Ortelius has not engaged constructively [10]. - Brookdale emphasizes the importance of every shareholder vote and urges them to disregard any opposing proxy cards from Ortelius [12][11]. Competitive Positioning - Brookdale's operational improvements and strategic initiatives have positioned it to outperform peers in key metrics such as consolidated RevPAR, operating income per available unit, and adjusted EBITDA margin compared to 2019 [7]. - The company highlights that Ortelius lacks understanding of its business model and has proposed a flawed plan that could jeopardize Brookdale's progress [3][8].

Company Overview - Brookdale Senior Living Inc. is the leading operator of senior living communities in the U.S., with 645 communities across 41 states, serving approximately 58,000 residents as of June 30, 2025 [1] - The company offers various living options including independent living, assisted living, memory care, and continuing care retirement communities, focusing on empowering seniors to live with dignity and purpose [1] - Brookdale emphasizes its commitment to compassionate care, clinical expertise, and exceptional service, guided by its core values of passion, courage, partnership, and trust [1] Occupancy Results - The weighted average occupancy for June was 80.5%, reflecting a year-over-year increase of 230 basis points and a sequential increase of 50 basis points, indicating strong demand and sales execution [3] - Month-end consolidated occupancy reached 82.2%, up 70 basis points sequentially, showcasing continued occupancy acceleration driven by higher move-ins and favorable move-out activity [3] - For the same community occupancy in June, the weighted average was 81.1%, which increased by 220 basis points year-over-year and 50 basis points sequentially [3] - The second quarter weighted average consolidated occupancy was 80.1%, marking a 200 basis points increase year-over-year and an 80 basis points increase compared to the first quarter of 2025 [3]

Core Viewpoint - Sienna Senior Living Inc. will report its second quarter results for 2025 on August 12, 2025, with a conference call scheduled for August 13, 2025, to discuss the results with the investment community [1]. Company Information - Sienna Senior Living Inc. offers a comprehensive range of senior living options, including independent living, assisted living, memory care, long-term care, and specialized programs under the Aspira retirement brand [3]. - The company employs approximately 14,500 individuals dedicated to enhancing the quality of life for seniors [3]. Conference Call Details - The conference call will be hosted by Nitin Jain, President and CEO, and David Hung, CFO and Executive Vice President, Investments [1]. - Participants can join the call using the toll-free number 1-800-715-9871 with conference ID: 3837569, and a webcast will be available on Sienna's website [2]. - The webcast will be accessible for replay until August 13, 2026, and will be archived on Sienna's website [2].

Core Viewpoint - Brookdale Senior Living Inc. urges shareholders to vote "FOR" all eight of its director nominees, opposing Ortelius Advisors' attempt to gain control of the Board, which is supported by proxy advisory firms Glass Lewis and ISS [1][3][8] Group 1: Proxy Advisory Firms' Recommendations - Glass Lewis and ISS recommend against granting control of the Board to Ortelius, citing Ortelius' poor engagement record and lack of operational knowledge about Brookdale [2][3] - ISS highlighted that Ortelius has not provided sufficient details for shareholders to assess its plans for the company [3] Group 2: Brookdale's Board Composition and Strategy - Brookdale's Board emphasizes that its current composition is well-suited to oversee the company's operations, with a mix of fresh perspectives and institutional knowledge [4][8] - The Board argues that electing Ortelius' nominees would risk compromising the execution of Brookdale's strategy and impair the ongoing CEO search [8] Group 3: Performance Metrics and Financial Health - Brookdale reported an 80% same community weighted average occupancy in Q1 2025, a significant milestone towards positive cash flow generation [7] - The company is recognized for its efforts to optimize its real estate portfolio, which has been acknowledged by Glass Lewis [6][7] Group 4: Shareholder Engagement and Voting Instructions - Brookdale reminds shareholders to disregard any white proxy card from Ortelius and emphasizes the importance of voting using the BLUE proxy card [9][10] - The company encourages shareholders to vote electronically or return the BLUE proxy card promptly [10]

Company Overview - The Ensign Group operates 344 facilities [15], employing over 50,500 individuals [5] across 17 states [15, 27], with a focus on post-acute care [5] - The company has experienced significant growth, with a 15% annual revenue growth rate and a 16% annual EBITDAR growth rate since 2014 [15] - The Ensign Group's real estate portfolio includes 144 owned properties [15] - The company's mission is to support operations in dignifying post-acute care [14] Financial Performance and Guidance - The company's 2025 revenue guidance is $4.91 billion [15], with EPS guidance of $6.30 [15] - The company forecasts annual revenue between $4.89 billion and $4.94 billion, and diluted adjusted EPS between $6.22 and $6.38 for 2025 [85] - Q1 2025 revenue increased by 16.1% to $1.173 billion compared to $1.0102 billion in Q1 2024 [82] - Q1 2025 consolidated adjusted net income increased by 18% to $89 million compared to $75.4 million in Q1 2024 [82] Operational Strategy and Growth - The company focuses on a local leadership strategy in fragmented markets [20], with an emphasis on high-quality healthcare outcomes [20] - The company's skilled nursing operations have improved significantly within five quarters, including a 454 bps increase in occupancy, a 324 bps increase in EBITDAR margin, and a 311 bps increase in skilled mix revenue [43] - 28.8% of the company's skilled nursing operations have been operated for less than three full years [42] - The company operates a Captive REIT, Standard Bearer Healthcare REIT, Inc [17]

Core Viewpoint - Brookdale Senior Living Inc. supports the recommendation from Institutional Shareholder Services (ISS) against granting control of the Board of Directors to Ortelius, emphasizing the lack of a clear performance assessment and feasibility details in Ortelius' plan [1][2]. Group 1: Board Composition and Expertise - Brookdale urges shareholders to vote for all eight of its highly qualified director nominees, highlighting the critical skillsets of directors Lee Wielansky and Victoria Freed, which are essential for the company's strategic direction and operational efficiency [1][2][10]. - The company argues that replacing Wielansky or Freed with Ortelius' nominees would deprive the Board of necessary expertise and institutional knowledge, potentially impairing the recruitment of a new CEO and jeopardizing shareholder value [2][9]. - Wielansky's extensive operational experience in real estate and his leadership in optimizing Brookdale's portfolio are presented as vital for the company's ongoing strategy [4][6]. Group 2: Critique of Ortelius' Candidates - Ortelius candidate Lori Wittman has limited experience in senior living, primarily focused on financial management in REITs, which does not align with Brookdale's operational needs [3]. - Ortelius candidate Steven Vick has not held significant leadership roles in over two decades, raising concerns about his qualifications and experience relevant to Brookdale's scale and operations [7]. - The company emphasizes that the current Board's composition, including experienced directors, is crucial for effective oversight and support during a pivotal time for the company [9]. Group 3: Strategic Direction and Shareholder Value - Brookdale's Board has intentionally refreshed its composition to balance tenure and skillsets, ensuring that the company can effectively navigate its strategic priorities and enhance shareholder value [10][11]. - The company asserts that its eight director nominees collectively possess the right mix of expertise necessary for continued financial and operational performance [10].

Core Viewpoint - Sienna Senior Living Inc. has completed the acquisition of Hazeldean Gardens Retirement Residence for $85.25 million, which is expected to enhance the company's growth through operational synergies and improve occupancy rates in the Ottawa market [1][3][4]. Group 1: Acquisition Details - The acquisition includes a 172-suite retirement residence with 129 independent living, 31 assisted living, and 12 memory care units located in Stittsville, Ontario [1]. - The total purchase price of $85.25 million includes a performance-based payment of $3.75 million and an additional contingent payment of $1.25 million [3]. - The acquisition is financed through a combination of cash on hand and credit facilities, and is expected to be immediately accretive to the company's AFFO per share [3]. Group 2: Financial Metrics - The acquisition was completed at a significant discount to replacement cost, with an initial investment yield of 6.33% before accounting for internal synergies [4]. - The expected investment yield in the first year following the acquisition is projected to be 6.8% [4]. Group 3: Market Context - The residence is anticipated to reach a stabilized occupancy of 95% within the next 12 months, supported by improving supply-demand fundamentals in the Ottawa market [2]. - Sienna has completed over $340 million in acquisitions in 2025, indicating an active strategy in the acquisition market to scale its business [3].

Dividend Announcement - Sienna Senior Living Inc. announced a dividend of $0.078 per common share for June 2025, which annualizes to $0.936 per common share [1] - The dividend will be payable on July 15, 2025, to shareholders of record as of June 30, 2025 [1] Tax Designation - The dividends are designated as eligible dividends for Canadian tax purposes in accordance with the Income Tax Act (Canada) [2] Dividend Reinvestment Plan - Sienna has a Dividend Reinvestment Plan (DRIP) allowing eligible shareholders to reinvest cash dividends in additional common shares at a 3% discount from the market price [3] - Participation in the DRIP is optional, and shareholders not participating will continue to receive cash dividends [3] Company Overview - Sienna Senior Living Inc. offers a full range of senior living options, including independent living, assisted living, memory care, long-term care, and specialized programs [4] - The company employs approximately 14,500 individuals dedicated to enhancing daily life for residents [4]

Core Viewpoint - Brookdale Senior Living Inc. emphasizes the importance of its refreshed Board of Directors and management team in driving the company's success and urges shareholders to support its nominees against Ortelius' attempt to take control, which could disrupt operational progress and the ongoing CEO search [1][2][3]. Group 1: Board and Management - The Brookdale Board and management have a proven track record in optimizing the company's real estate portfolio and enhancing operational performance [2]. - The Board has streamlined operations, simplified the business, rationalized the lease portfolio, and reduced leverage, with a 19% reduction in leased units since Q1 2021 [2]. - The Board consists of eight highly qualified directors with diverse skills relevant to Brookdale's strategy, including healthcare, finance, hospitality, and senior living experience [2][8]. Group 2: Financial Performance - Brookdale's Adjusted EBITDA Margin improved to over 11% in 2023 and 12% in 2024, with expectations of being Adjusted Free Cash Flow positive in 2025, ranging from $30 million to $50 million [2]. - In Q1 2025, Adjusted EBITDA increased by 27.2% year-over-year, approximately 255% higher than Q1 2021, with a $7.5 million increase in the midpoint of Adjusted EBITDA guidance [2]. - The company's Trailing Twelve Months Adjusted EBITDA after cash financing lease payments more than doubled since 2022, achieving a 10x reduction in Annualized Leverage since pandemic highs [2]. Group 3: Shareholder Engagement - Brookdale strongly urges shareholders to vote "FOR" only its eight director nominees on the BLUE proxy card, emphasizing the importance of their vote regardless of the number of shares owned [3][4]. - The company has been open to shareholder recommendations for director candidates, appointing three since 2015 [2].

Company Overview - Brookdale Senior Living Inc. is the leading operator of senior living communities in the United States, with 647 communities across 41 states and the capacity to serve approximately 58,000 residents as of March 31, 2025 [1] - The company offers a range of living options including independent living, assisted living, memory care, and continuing care retirement communities, focusing on empowering seniors to live with dignity and purpose [1] - Brookdale emphasizes its commitment to compassionate care, clinical expertise, and exceptional service, guided by its core values of passion, courage, partnership, and trust [1] Occupancy Performance - In May, the consolidated weighted average occupancy increased by 190 basis points year-over-year and 20 basis points sequentially to reach 80.0%, marking a significant milestone for the portfolio [3] - The same community weighted average occupancy for May was 80.6%, also reflecting a sequential increase of 20 basis points compared to April [3] - The month-end occupancy for same communities grew by 50 basis points sequentially to 82.1%, representing the highest month-end sequential increase in the last nine months [3] - For the second quarter to date, the consolidated weighted average occupancy stands at 79.9%, which is a 60 basis point sequential increase from the first quarter [3] - The month-end occupancy growth in May 2025 accelerated to 50 basis points sequentially from April, compared to a 30 basis point increase in the same period last year [3]