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Investment Q&A

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Chartwell Retirement Residences (CSH.UN)

Q: Do you know why csh.un trading was halted yesterday?

Asked by scott on June 21, 2024

5i Research Answer:

Last night CSH.UN announced the acquisition of 3,233 suites in 10 residences in Quebec, for $511M. In conjunction it also announced a $300M unit financing at $12.20 per unit. We would consider the acquisition positive for the company overall.

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