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Brookdale Board of Directors Authorizes $150 Million Share Repurchase Program
Date:3/19/2008

from time to time using a variety of methods, which may include open market purchases, privately negotiated transactions or block trades, or by any combination of such methods, in accordance with applicable insider trading and other securities laws and regulations.

The size, scope and timing of any purchases will be based on business, market and other conditions and factors, including price, regulatory and contractual requirements or consents, and capital availability. Repurchases of common stock may also be made under a Rule 10b5-1 plan, which would permit common stock to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws or during periods when it would normally not be active in the market due to its internal trading blackout period. The repurchase program does not obligate the Company to acquire any particular amount of common stock and the program may be suspended, modified or discontinued at any time at the Company's discretion without prior notice. Shares of stock repurchased under the program will be held as treasury shares.

As a purely procedural matter, the Company also announced that it intends to revise its quarterly dividend declaration schedule. In the future, the Company intends to declare and announce quarterly dividends near the end of each quarter, rather than in the middle of the last month of the quarter. The payment date for future quarterly dividends will occur near the middle of the first month of the following quarter, consistent with historical practice.

About Brookdale Senior Living

Brookdale Senior Living Inc. is a leading owner and operator of senior living facilities throughout the United States. The Company is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents. Currently the Company owns and operates indepen
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SOURCE Brookdale Senior Living Inc.
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