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Sienna Announces Third Quarter 2025 Results Release Date and Conference Call
Globenewswire· 2025-10-03 15:00
MARKHAM, Ontario, Oct. 03, 2025 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) announced that it will report its 2025 third quarter results after market close on Thursday, November 13, 2025. Nitin Jain, President and Chief Executive Officer, and David Hung, Chief Financial Officer and Executive Vice President, Investments, will host a conference call for the investment community the following day, Friday, November 14, 2025 at 10:00 a.m. (ET). The toll-free dial-in numbe ...
Sienna Senior Living Expands in the Greater Toronto Area
Globenewswire· 2025-06-23 12:30
Core Viewpoint - Sienna Senior Living Inc. has announced the acquisition of Credit River Retirement Residence for $60.2 million, which is expected to enhance its presence in the Greater Toronto Area and provide immediate financial benefits to the company [1][3][4]. Acquisition Details - The acquisition involves a 133-suite retirement residence with 84 independent living, 25 assisted living, and 24 memory care units located in Streetsville, Ontario [1]. - The property, built in 2016, features amenities such as health and fitness facilities, a movie theatre, multiple dining rooms, and an outdoor terrace [2]. - The current occupancy rate is 90%, with expectations to stabilize at 95% within the first year post-acquisition [2]. Financial Aspects - The gross purchase price for the acquisition is $60.2 million, with an initial investment yield of 5.75% [3]. - The company plans to finance the acquisition entirely through its credit facilities and anticipates that the transaction will be immediately accretive to its AFFO per share [4]. Strategic Fit - The acquisition is seen as a strategic fit for Sienna, leveraging synergies with existing properties in the Greater Toronto Area, which is a highly sought-after market [4]. - The company expects minimal incremental general and administrative costs due to its substantial presence in the region [4].
Sienna Senior Living Inc. Announces Results From Annual and Special Meeting
Globenewswire· 2025-05-29 13:54
Core Points - Sienna Senior Living Inc. received shareholder approval for all resolutions at its Annual and Special Meeting held on May 28, 2025 [1] - All nominees listed in the management information circular dated April 8, 2025, were elected as directors of the Company [1] Proxy Voting Results - Barbara Bellissimo received 38,120,866 votes for (99.05%) and 367,013 votes withheld (0.95%) [1] - Paul Boniferro received 38,176,534 votes for (99.19%) and 311,345 votes withheld (0.81%) [1] - Dr. Gina Parvaneh Cody received 34,888,362 votes for (90.65%) and 3,599,517 votes withheld (9.35%) [1] - Nitin Jain received 38,154,150 votes for (99.13%) and 333,729 votes withheld (0.87%) [1] - Shelly Jamieson received 37,707,469 votes for (97.97%) and 780,409 votes withheld (2.03%) [1] - Brian Johnston received 38,057,867 votes for (98.88%) and 430,012 votes withheld (1.12%) [1] - Stephen Sender received 34,859,435 votes for (90.57%) and 3,628,444 votes withheld (9.43%) [1] 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 and services [2] - The Company employs approximately 14,500 individuals dedicated to enhancing daily life for seniors [2]