On November 14, 2024, Chartwell Retirement Residences announced an at-the-market (ATM) equity offering of trust units listed on the Toronto Stock Exchange under the symbol “CSH.UN.” On August 7, 2025, Chartwell amended the offering, increasing the aggregate sale price from CAD 250 million to CAD 500 million. Units may be sold at prevailing market prices through TD Securities Inc. and Scotia Capital Inc., acting as agents, with a 2.0% commission on gross sales. The offering is expected to close by May 30, 2026, or upon reaching the maximum issuance limit.

Proceeds from the offering will be used for property acquisitions, redevelopment projects, debt repayment, and general corporate purposes. Chartwell is considered a “connected issuer” to the agents due to existing lending relationships. Legal counsel is provided by Osler, Hoskin & Harcourt LLP for Chartwell and Borden Ladner Gervais LLP for the agents.