MARKHAM, ONTARIO--(Marketwired - Aug. 15, 2014) - Leisureworld Senior Care Corporation (TSX:LW) today announced that the Company's dividend for August, 2014 will be $0.075 per share, representing $0.90 per share on an annualized basis. Payment will be made on September 15, 2014 to shareholders of record on August 29, 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.
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.