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Chartwell Retirement Residences Announces December 2021 Distribution, Provides Occupancy Update

December 15, 2021

Chartwell Retirement Residences (“Chartwell”) (TSX: CSH.UN) announced today a cash distribution of $0.051 per Trust UnitThe cash distribution will be payable on January 17, 2022 to unitholders of record on December 31, 2021.

Unitholders can participate in Chartwell’s Distribution Reinvestment Plan (“DRIP”). Eligible investors registered in the DRIP will have their monthly cash distributions used to purchase Trust Units and will also receive bonus units equal to 3% of their monthly cash distributions. DRIP offers unitholders the opportunity to steadily increase their ownership in Chartwell without incurring any commission or brokerage fees. Complete details of the DRIP are available on Chartwell’s website at www.chartwell.com or from a unitholder’s investment advisor.

The following table summarizes monthly weighted average occupancy rates in Chartwell’s Retirement Operations for the month ended August 31, 2021, to November 30, 2021, and provides forecast occupancy for the months ended December 31, 2021, and January 31, 2022:

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