Sienna Senior Living This news release serves as a “designated news release” for the purposes of Sienna’s amended and restated prospectus supplement dated November 14, 2025 to its short form base shelf prospectus dated November 29, 2024. MARKHAM, Ontario, Dec. 16, 2025 (GLOBE NEWSWIRE) — Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) announced today that it has finalized its previously disclosed acquisition of Hygate on Lexington (“Hygate”) in Waterloo, Ontario. Constructed in 2021, the six-story retirement residence features 216 suites with a variety of living options including 126 independent supportive living units, 40 assisted living units, and 50 senior apartments. The property also comes with a 4.7-acre development site that has municipal zoning for either a retirement residence or residential condominium. Sienna purchased Hygate for $93.3 million, which breaks down to about $432,000 per suite and provides an investment yield of around 6.0%. The property is currently in lease-up and was acquired at a lower cost than replacement value. “With the addition of Hygate, we continue to strengthen our presence in southwestern Ontario and further elevate the quality of our growing asset base,” said Nitin Jain, President and Chief Executive Officer. “We will leverage our extensive experience and market knowledge to reach stabilized occupancy at this highly desirable property within the next two years.” About Sienna Senior Living Sienna Senior Living Inc. (TSX: SIA) provides a comprehensive range of seniors’ living options such as independent living, assisted living and memory care under its Aspira retirement brand along with long-term care services and specialized programs. With around 15,000 employees passionate about enhancing daily life experiences for residents. For more information, please visit www. siennaliving. ca. Forward-Looking Statements Certain statements included in this news release are forward-looking statements intended to convey management’s current expectations and plans regarding future developments. Readers should be aware that these statements may not be suitable for other uses. Typically using forward-looking terms like “anticipate,” “continue,” “could,” “expect,” “may,” “will,” “estimate,” “believe,” “goals”, “target” or similar phrases based on the Company’s expectations, estimates, forecasts and projections. These statements carry known and unknown risks and uncertainties that might lead actual outcomes or events to differ significantly from those implied by them; therefore they shouldn’t be interpreted as guarantees of future results or performance nor are they necessarily accurate indicators of whether those results will be achieved. The forward-looking statements here rely on current information available to management combined with what they believe are reasonable assumptions at this time. The Company does not commit to updating or revising any forward-looking statements publicly unless legally required to do so.
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