Sienna Announces Changes to Annual General Meeting and Provides COVID-19 Update
AGM Update
The AGM continues to be scheduled for
Voting for registered holders of Sienna shares will proceed only as outlined in Sienna’s Notice and Access notification accompanying the proxy circular for the AGM. Accordingly, there will be no voting at the meeting. The deadline for voting or receiving proxies in relation to this year’s AGM is
“We are singularly focused on the health and safety of our residents, team members and families, and are doing everything we can to safeguard everyone who depends on our essential services, including our shareholders,” said Ms.
Business Update
The management of COVID-19 is operationally intensive for the entire Company, with a significant impact on the residences with positive cases. Every Sienna residence continues to have extensive infection prevention measures and protocols in place to protect residents and team members against COVID-19 and to minimize the spread when a positive case is confirmed.
In the event of closure to admissions related to outbreak, long term care funding is preserved at 97% occupancy. The provincial governments in both Ontario and
Sienna is working extensively with sector associations, peers and all levels of government agencies to navigate this situation together with one collective goal of preserving health and the safety of residents, teams and their families.
Given the uncertainty and duration of the COVID-19 pandemic, the Company is withdrawing its 2020 outlook for the 2020 fiscal year, as provided with its Management Discussion and Analysis for the year ended
“We are fortunate to have a very strong foundation and fundamentals to draw on, including a strong operating platform, a high quality and balanced portfolio, very strong relationships in the Canadian seniors’ living sector and supportive relationships with financial institutions,” said
Sienna’s commitment to you is to provide facts and current information on a regular basis. A separate section on our website has been dedicated to keeping our stakeholders informed. You may access this information at the following link: https://www.siennaliving.ca/covid-19-update. Questions can also be submitted by email to the following email address: COVID-19questions@siennaliving.ca.
About
Forward-Looking Information
Certain of the statements contained in this news release are forward-looking statements and are provided for the purpose of presenting information about management’s current expectations and plans relating to the future. Readers are cautioned that such statements may not be appropriate for other purposes. These statements generally use forward-looking words, such as “anticipate,” “continue,” “could,” “expect,” “may,” “will,” “estimate,” “believe,” “goals” or other similar words and include, among other things, statements with respect to the holding of its annual general meeting and government funding. These statements are subject to significant known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. The forward-looking statements in this news release are based on information currently available and what management currently believes are reasonable assumptions. The Company does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.
For further information, please contact:
Chief Financial Officer & Chief Investment Officer
(905) 489-0787
nitin.jain@siennaliving.ca
Source: Sienna Senior Living