Earnings
May 23, 2019 - CM
New! Canadian Imperial Bank of Commerce Q2-2019 Earnings - Price Target Update .....
May 23, 2019 - IPL
New! Inter Pipeline Ltd - Q1-2019 Earnings - Price Target Update .....
May 21, 2019 - KEY
Keyera Corp. Q1-2019 Earnings, Price Target Update .....
May 19, 2019 - CHE.UN
Chemtrade Logistics Income Fund - Q1-2019 Earnings, Price Target .....
May 18, 2019 - CNQ
Canadian Natural Resources Ltd. Q1-2019 Earnings .....
May 17, 2019 - FRU
Freehold Royalties Ltd - Q1-2019 Earnings, Price Target Update .....
May 15, 2019 - VET
Vermilion Energy Inc. Q1-2019 Earnings & Price Target Update .....
May 14, 2019 - ENB
Enbridge Inc. Q1-2019 Earnings & Price Target Update .....
Recommendation Changes
EIF, DR, FTS, CPX, CJR.B, more...

Sienna Senior Living Inc. Q2-2018 & Price Target Update

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Sienna Senior Living Inc. (TSX: SIA) owns and operates (as of Jun-30-2018) 70 seniors' living residences: 27 retirement residences; 35 Long Term Care residences; and eight seniors' living residences providing both private-pay Independent Living and Assisted Living. In total there are 10,091 suites of which 3,223 are private pay retirement suites and 5,733 are public pay LTC suites all located in Ontario; and 1,135 Residential Care suites located in BC. For the Residential Care suites, 945 are public pay and 190 are private pay. The management services division provides management services to 15 seniors' living residences in British Columbia and Ontario. Including a 10 residence acquisition for $382M completed on Mar-31-2018 total assets are $1.8B more than doubling since 2010. Suites with either long term or assisted care contribute about 80% of revenues with the balance with Retirement Suites.

Key operating strategies including expanding into private pay retirement residences to minimize stress for occupants when moving to LTC. Sienna and its predecessors have been operating since 1972. They closed the initial public offering of shares in Mar-2010. Effective May-2015, the name was changed from Leisure World Inc. (LW) to Sienna Senior Living Inc. (SIA).

Acquisitions – Dispositions

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New Issues & Acquisition
May 24, 2019
New! TD Bank 5.1% Rate Reset Preferred Share New Issue
May 17, 2019
New! Coverage Universe - Weekly Price Change May 10-17, 2019
May 11, 2019
Coverage Universe - Weekly Price Changes - May 3-10, 2019
May 7, 2019
Capital Power Corp - $150M, 5.75% Mininum Rate Preferred Share New Issue
May 4, 2019
Coverage Universe - Weekly Price Changes Apr 26- May 3, 2019
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Coverage Universe - Weekly Price Changes Apr. 19-26, 2019
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Coverage Universe - Weekly Price Changes Apr. 12-19, 2019
April 18, 2019
Surge Energy Inc 6.75% Convertible Debenture New Issue