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Investor Site Last Updated:
Feb. 4, 2010
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Link to TSX: EXE.UN
Extendicare Real Estate Investment Trust ("Extendicare REIT" or "Extendicare"), through its wholly owned subsidiaries, is one of North America’s largest long-term care providers with 264 senior care facilities and capacity for approximately 29,500 residents. Extendicare is a proven operator that, over the last 40 years, has developed a reputation for providing quality, clinically-based services. Extendicare's strategy is to increase revenue rates and cash flows by focusing on high-margin, high-acuity residents with intense therapy needs. Growing demand, driven by an aging population, and significant industry consolidation, provide Extendicare with attractive growth opportunities, both internally and through acquisitions.
Investor News & Features
Extendicare REIT Completes $86.3 million Offering of Trust Units - February 4, 2010
Extendicare REIT has closed on its $86.3 million offering of 9,228,750 trust units, including exercise of over-allotment option, at a price of $9.35 per unit
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Extendicare REIT Declares January 2010 Distribution of C$0.07 per Unit - January 15, 2010
Extendicare REIT announces a cash distribution of C$0.07 per unit for the month of January 2010, to be paid on February 15, 2010 to unitholders of record on January 29, 2010
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Extendicare REIT Announces Commencement of Renewed Normal Course Issuer Bid - January 5, 2010
Extendicare REIT announces renewal of its Normal Course Issuer Bid to commence January 7, 2010 for its trust units and convertible debentures
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Extendicare REIT Announces 2009 Third Quarter Results and Declares November Distribution - November 4, 2009
Extendicare REIT reports strong 2009 third quarter, with increased profitability through higher per diem rates and cost controls. In addition, the REIT declared a cash distribution of $0.07 per unit for the month of November
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Wisconsin Court Throws Out Class Action Lawsuit Against Extendicare – September 1, 2009
Extendicare REIT announced that a Milwaukee County Circuit Court ruled that a class action lawsuit brought against Extendicare in the State of Wisconsin was improper and ordered the case dismissed in its entirety
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