Merger Details

Effective May 1, 2002, CPL Long Term Care REIT merged with Retirement Residences REIT with Retirement Residences REIT being the surviving company. Unitholders of CPL Long Term Care REIT received 1.2 units of Retirement Residences REIT for each unit of CPL Long Term Care REIT held. NOTE: CPL unit holders could elect this merger to be a taxable or non-taxable event. For the purpose of the ACB Calculator, we have assumed the merger to be a tax-deferred roll-over.