EXE meaning in Business ?

Answer: What is Extendicare Real Estate Investment Trust mean?

Extendicare Inc. Extendicare Corporation is a for-profit long-term care (LTC) Canadian corporation that offers housing, care and related services to seniors. The company operates over 100 care facilities and is based in Markham, Ontario. Extendicare operates retirement residences and long-term care facilities under the Extendicare, Esprit Lifestyle and ParaMed brands, with 23,000 employees.

In 2006, the company became a real estate investment trust (REIT) and began trading on the Toronto Stock Exchange (TSX) under the symbol EXE.UN on November 10, 2006. In 2012, the company completed its conversion from an income trust structure named Extendicare Real Estate Investment Trust to a corporate structure named Extendicare Inc.

Extendicare's owns and operates dozens of long-term care and retirement facilities with the majority in Ontario and 11% in Alberta. They have a number of significant subsidiaries and divisions, including ParaMed, Esprit Lifestyle Communities, Extendicare Assist, and their Purchasing Partner Network division, SGP.

From January to September 2020, Extendicare paid out about CA$29 million to shareholders. During the same period, Extendicare's division—ParaMed— received CA$82.2 million in from the Canada Emergency Wage Subsidy (CEWS). The company said government funds went to LTC workers directly, not towards dividends.

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