Leisureworld Announces March Dividend

MARKHAM, ON--(Marketwired - March 13, 2015) - Leisureworld Senior Care Corporation ("Leisureworld" or the "Company") (TSX: LW) today announced a dividend of $0.075 per share for the month of March, representing $0.90 per share on an annualized basis.

The dividend will be payable on April 15, 2015 to shareholders of record as at March 31, 2015.

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 legislation.

Leisureworld has a Dividend Reinvestment Plan (the "DRIP") which allows eligible shareholders of the Corporation to direct that their cash dividends be reinvested in additional common shares (the "Common Shares"). Common Shares issued pursuant to the DRIP are issued from treasury at a 3% discount from the market price. Participation in the DRIP is optional and shareholders who do not wish to participate in the plan will continue to receive cash dividends. A complete copy of the DRIP is available under the Investors section of Leisureworld's website.

ABOUT LEISUREWORLD SENIOR CARE CORPORATION

Leisureworld Senior Care Corporation (TSX: LW) is one of Canada's largest owners of seniors housing and the largest licensed long-term care provider in Ontario. Leisureworld's 7,500 employees are dedicated to helping you live fully, every day in each of its four lines of business: retirement living, home care, third party management services and long-term care. Leisureworld owns and operates 35 long-term care homes and 10 retirement residences, representing a combined 6,798 beds/suites across Ontario and British Columbia. For more information, please visit www.leisureworld.ca.