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Investor Site Last Updated:
August 30, 2010
Overview

Upon Extendicare’s conversion to a real estate investment trust effective November 10, 2006, Extendicare Real Estate Investment Trust (Extendicare REIT) adopted a policy of making monthly distributions to holders of units of Extendicare REIT (the “REIT Units”) and holders of Class B Exchangeable Limited Partnership units of Extendicare Limited Partnership (the “Exchangeable LP Units”) (together “Unitholders”). The current policy of Extendicare is to pay monthly cash distributions to Unitholders of record on any month end by approximately the fifteenth day of the following month. The current monthly cash distribution is $0.07 per unit.

The declaration and payment of future distributions is subject to the discretion of the Board of Trustees of Extendicare REIT and will be dependent upon a number of factors, including:
  • results of operations;
  • requirements for capital expenditures and working capital;
  • future financial prospects of Extendicare REIT and its subsidiaries; 
  • debt covenants and obligations; and,
  • other factors deemed relevant by the Board of Trustees.
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