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].

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]