Sienna launches at-the-market equity distribution program

On May 6, 2025, Sienna Senior Living Inc. (“Sienna”) announced the establishment of its inaugural At-The-Market Equity Distribution Program (the “Program”), allowing it to issue up to C$125 million of common shares from treasury to the public from time to time at its discretion, during the term of the Program.

Common share distributions under the Program will be made pursuant to the terms of an equity distribution agreement, dated May 6, 2025, between Sienna and TD Securities Inc., as agent. Any common shares sold under the program will be distributed through the Toronto Stock Exchange or any other permitted marketplace at the market prices prevailing at the time of sale.

The Program will terminate upon the earliest of (i) December 29, 2026, (ii) the issuance and sale of all of the common shares qualified for distribution under the Program, or (iii) the termination of the distribution agreement.

Sienna intends to use the net proceeds from the Program, if any, for future investments, including acquisitions, developments or redevelopments, repayment of indebtedness, and for general corporate purposes.

Further information can be found on Globe Newswire’s website.

Sienna Senior Living offers a full range of seniors' living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services.