Chartwell Retirement Residences has commenced a public offering of trust units with an aggregate sale price of up to $500 million (C$500 million), as qualified under a prospectus supplement dated November 6, 2025. The offering is structured as an at-the-market (ATM) distribution, permitting units to be sold from time to time through TD Securities Inc., Scotia Capital Inc., and RBC Dominion Securities Inc., who act as agents pursuant to an equity distribution agreement dated November 6, 2025. The units are listed on the Toronto Stock Exchange under the symbol “CSH.UN,” with a closing price of $20.52 on November 5, 2025. The Toronto Stock Exchange has conditionally approved the listing of the units to be issued under this prospectus supplement, subject to the Trust fulfilling all listing requirements. Chartwell will pay the agents a commission of up to 2.0% of the gross sales price per unit sold. There is no minimum amount of funds that must be raised under the offering, and it may terminate after raising only a portion of the offering amount or none at all. Net proceeds, if any, are intended for future property acquisitions, development and redevelopment opportunities, repayment of indebtedness, and general trust purposes. Affiliates of the agents are lenders to Chartwell under existing secured and unsecured credit agreements and have granted mortgage financings totaling approximately $169.4 million as of October 31, 2025.

Legal counsel for Chartwell is Osler, Hoskin & Harcourt LLP, and Borden Ladner Gervais LLP acts for the agents.