Special committee and board of Sunrise REIT strongly recommend
TORONTO, April 16, 2007 /CNW/ - Sunrise Senior Living Real Estate
Investment Trust ("Sunrise REIT") (TSX:SZR.UN) announced today that it has
mailed a Supplemental Management Information Circular to unitholders in
connection with the amendment to the January 14, 2007 purchase agreement
between Sunrise REIT and Ventas, Inc. ("Ventas"), entered into on April 10,
2007 which increases the redemption amount payable to unitholders from
Cdn $15.00 per unit to Cdn $16.50 per unit.
A copy of the Supplemental Management Information Circular will be filed
on SEDAR at www.sedar.com and on Sunrise REIT's website at
The Special Committee and Board of trustees of Sunrise REIT strongly
recommend that unitholders vote FOR the proposed Ventas transaction at the
special meeting of unitholders that has been scheduled for April 19, 2007 at
10:00 a.m. at the Toronto Stock Exchange Conference Centre.
Sunrise REIT unitholders are reminded that their vote is important. Any
unitholder who has not yet voted is urged to vote FOR the proposed Ventas
transaction. Any unitholder that has already voted FOR the proposed Ventas
transaction need not take any action, as their votes will be counted. Any
unitholder who has voted AGAINST the proposed Ventas transaction is encouraged
to change its vote and vote FOR the proposed Ventas transaction. Those
unitholders who wish to change their vote may deposit proxies for the Special
Meeting until 10:00 a.m. (Toronto time) on April 18, 2007.
Unitholders may vote their units by telephone or by the Internet at
www.proxyvotecanada.com, and are advised that if they have any questions or
need any assistance in the voting or changing the voting of their units, they
should contact their investment dealer or call either Georgeson Shareholder
Communications Inc. at 1-866-413-8828 or Kingsdale Shareholder Services Inc.
About Sunrise REIT (TSZ:SZR.UN)
Sunrise REIT was formed to indirectly acquire, own and invest in
income-producing senior living communities in major metropolitan markets and
their surrounding suburban areas in Canada and the United States. Sunrise REIT
owns 77 senior living communities, 11 in Canada and 66 in the United States.
All of Sunrise REIT's senior living communities are managed by Sunrise Senior
Living, Inc. one of the largest providers of senior living services in North
America. Sunrise REIT also directly acquires interests in newly developed
senior living communities through development and financing arrangements with
Sunrise Senior Living, Inc.
For further information:
For further information: