Provident Senior Living Trust Declares Quarterly Dividend of $0.34 ...

PRINCETON, N.J. -- Provident Senior Living Trust
("Provident" or the "Company") announced today that on April 11, 2005, its
Board of Trustees declared a quarterly dividend, with respect to the first
quarter of 2005, of $0.34 per common share, payable in cash on May 4, 2005, to
shareholders of record at the close of business on April 11, 2005.
    Provident is a self-administered and self-managed real estate investment
trust that owns income-producing senior living properties located in the
United States that are leased to experienced operators pursuant to long-term
triple net leases.  The Company currently owns 68 properties in 19 states
containing approximately 6,820 units.

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