April 15, 2014 09:47 ET
MARKHAM, ONTARIO--(Marketwired - April 15, 2014) - Leisureworld Senior Care Corporation (TSX:LW) today announced that the Company's dividend for April, 2014 will be $0.075 per share, representing $0.90 per share on an annualized basis. Payment will be made on May15, 2014 to shareholders of record on April 30, 2014.
Leisureworld's dividends are designated as eligible dividends for Canadian tax purposes in accordance with subsection 89(14) of the Income Tax Act (Canada), and any applicable corresponding provincial and territorial provisions.
The Company also announced it will be hosting its 2013 Annual and Special Meeting on Wednesday, May 21, 2014 at 10:00 a.m. ET, at the Toronto Board of Trade located in First Canadian Place at 77 Adelaide Street West, 4th Floor, Rooms A-C, in Toronto.
Leisureworld Senior Care Corporation is one of Canada's largest operators of seniors' housing and is the largest licensed long-term care provider in Ontario. Leisureworld has 7,500 employees and owns and operates 35 long-term care homes across Ontario with 5,733 beds. Leisureworld also owns and operates 10 retirement residences, representing 1,065 suites, in Ontario and British Columbia. Under its management services division, Leisureworld provides management and consulting services to long-term care homes and retirement residences in Ontario. Leisureworld subsidiaries include Preferred Health Care Services, an accredited provider of professional nursing and personal support services. For more information, please visit Leisureworld's website at www.leisureworld.ca.
Leisureworld Senior Care CorporationTim McSorleyChief Financial Officer (Interim)(905) 477-4006 ext. 2089www.leisureworld.ca
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