Leisureworld Senior Care Corporation

Leisureworld Senior Care Corporation

April 14, 2010 13:07 ET

Leisureworld Announces Initial Dividend

MARKHAM, ONTARIO--(Marketwire - April 14, 2010) - Leisureworld Senior Care Corporation (TSX:LW) today announced its first common share dividend payment, following the completion of its Initial Public Offering (IPO) on March 23, 2010.

The cash dividend will total $0.0914 per share, representing $0.0708 per share for the month of April and $0.0206 per share for the nine-day period from the completion of the IPO until the end of March. The April payment of $0.0708 per share represents $0.85 per share on an annualized basis.

Payment will be made on May 17, 2010 to shareholders of record April 30, 2010.

About Leisureworld

Leisureworld is the third largest licensed long-term care (LTC) provider in Ontario. The Company owns and operates 26 LTC homes, representing approximately 4,314 beds across Ontario, Canada. Leisureworld also owns and operates one retirement home with 29 beds and one independent living home with 53 apartments. Leisureworld subsidiaries include: Preferred Health Care Services, an accredited provider of professional nursing and personal support services, Ontario Long Term Care, a provider of purchasing services, dietary, social work, and other regulated health professional services, and Tealwood Developments, a provider of laundry services to the Leisureworld Homes.

Contact Information

  • Leisureworld Senior Care Corporation
    Derek Henderson
    Investor Relations
    (416) 447-4740 ext 232