MARKHAM, ONTARIO--(Marketwired - Dec. 13, 2013) - Leisureworld Senior Care Corporation (TSX:LW) today announced that the Company's dividend for December, 2013 will be $0.075 per share, representing $0.90 per share on an annualized basis. Payment will be made on January 15, 2014 to shareholders of record December 31, 2013.
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 the second-largest licensed LTC provider in Ontario. Leisureworld has 7,500 employees and owns and operates 35 LTC 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 manages 1,133 LTC beds and 428 retirement suites. 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.