Sunrise Announces Two-For-One Stock Split

Thursday, September 8, 2005 8:08 am EDT

Dateline:

MCLEAN, Va.

Public Company Information:

NYSE:
SRZ
"We also believe the stock split will provide greater liquidity for our shares and make them more appealing to a broader range of investors."

Sunrise Senior Living, Inc. (NYSE: SRZ), today announced that its board of directors has approved a two-for-one stock split of its common stock to be effected in the form of a 100 percent stock dividend. As a result of the stock split, each shareholder of record at the close of business on September 20, 2005 will receive one additional share of common stock for each share held on that date. Sunrise's transfer agent is expected to distribute the stock dividend on October 3, 2005. The stock split will increase the number of shares of Sunrise's common stock outstanding from approximately 21.3 million to approximately 42.6 million. Trading will begin on a split-adjusted basis on October 4, 2005.

"The decision to split our stock reflects our strong growth, increase in market value and our belief that we will continue to drive future shareholder value," said Paul Klaassen, Sunrise Senior Living chairman and CEO. "We also believe the stock split will provide greater liquidity for our shares and make them more appealing to a broader range of investors."

Sunrise Senior Living is the nation's largest provider of senior living services. The McLean, Va.-based Company employs more than 38,000 people. As of August 31, 2005, Sunrise operated 424 communities in the United States, Canada, Germany and the United Kingdom with a combined capacity for approximately 53,000 residents. Sunrise also had 36 communities under construction in these countries with a combined capacity for over 3,700 residents. Sunrise offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing and rehabilitative care. Sunrise's senior living services are delivered by staff trained to encourage the independence, preserve the dignity, enable freedom of choice and protect the privacy of residents. To learn more about Sunrise please visit https://www.sunriseseniorliving.com/.

Estimates of future earnings are by definition, and certain other matters discussed in this press release may be, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Sunrise believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, there can be no assurances that its expectations will be realized. Sunrise's actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including, but not limited to, our ability to integrate The Fountains and Greystone acquisitions into our operations, development and construction risks, acquisition risks, licensing risks, business conditions, competition, changes in interest rates, our ability to manage our expenses, market factors that could affect the value of our properties, the risks of downturns in general economic conditions, satisfaction of closing conditions and availability of financing for development and acquisitions. These and other risks are detailed in the Company's annual report on Form 10-K filed with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.

Web site: https://www.sunriseseniorliving.com/

 

Contact:

Dave Spille
Vice President, Investor Relations and Capital Markets of Sunrise Senior Living, Inc.
+1-703-273-7500

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