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Investor Presentaiton

Ontario Long-Term Care Construction Funding The Government of Ontario modernized its construction funding policy in 2021: . • - Construction Funding Subsidy – An amount paid per resident day over 25 years with adjustments made for geographic location and home size; and Development Grant (New) - A grant per bed covering a portion of eligible construction costs (e.g. hard costs, development charges, land costs) Maximum Construction Funding Subsidy (per diem – paid over 25 years) Maximum Development Grant (per bed - one-time grant) Large Urban Urban Mid-Size Rural $27.68 $24.43 $24.43 $24.68 $51,376 $47,926 $24,923 $29,246 Construction funding supports the construction of new long-term care beds as well as the redevelopment of existing beds 15
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