Regal Lifestyle Communities Inc. Files Preliminary Prospectus for Initial Public Offering

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

TORONTO, Sept. 6, 2012 /CNW/ - Regal Lifestyle Communities Inc. ("Regal" or the "Company") announced today that it has filed, and obtained a receipt for, a preliminary prospectus in respect of its initial public offering of common shares with the securities commissions of all provinces and territories in Canada.

The proposed offering will be underwritten by a syndicate of underwriters co-led by CIBC and BMO Capital Markets.

The preliminary prospectus has not yet become final for the purpose of a distribution of securities to the public. This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale or any acceptance of an offer to buy these securities in any province or territory of Canada prior to the time a receipt for the final prospectus or other authorization is obtained from the securities commission or similar authority in such province or territory.

An electronic copy of the preliminary prospectus will be available under Regal's issuer profile on SEDAR at www.sedar.com.

Completion of the initial public offering is subject to and conditional upon the satisfaction of a number of conditions, including the receipt of all applicable regulatory approvals.

The common shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered, sold or delivered, directly or indirectly, in the United States or to, or for the account or benefit of, ''U.S. persons'' (as defined in Regulation S under the United States Securities Act of 1933, as amended). This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the common shares in the United States or to, or for the account or benefit of, U.S. Persons.

About Regal Lifestyle Communities Inc.

Regal Lifestyle Communities Inc. is a corporation incorporated under the laws of the Province of Ontario.  Concurrently with the completion of the offering and related transactions, the Company will acquire a portfolio consisting of income-producing retirement communities offering primarily independent serviced living and assisted living programs. The portfolio to be acquired will be comprised of ten ''current generation'' retirement communities with an average age of approximately five years, consisting of over 1,400 suites, primarily located in the Province of Ontario and including a property located in each of the Provinces of Saskatchewan and Newfoundland and Labrador.

Regal's goals are to deliver stable dividends to its shareholders while expanding its portfolio of current generation retirement communities over time through accretive acquisitions and expansions of owned communities.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities legislation, which reflects the Company's current expectations regarding future events. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond the Company's control, that could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, failure to complete the initial public offering of common shares and related transactions, and the factors discussed under "Risk Factors" in the preliminary prospectus of the Company dated September 6, 2012.  The Company does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.


SOURCE: Regal Lifestyle Communities Inc.

For further information:

Simon Nyilassy,
President and Chief Executive Officer
Regal Lifestyle Communities Inc.
(416) 777-9677 x 202

or

Harry Atterton,
Chief Financial Officer
Regal Lifestyle Communities Inc.
(416) 777-9677 x 203

Profil de l'entreprise

Regal Lifestyle Communities Inc.

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