MARKHAM, ONTARIO--(Marketwire - Nov. 15, 2012) - Leisureworld Senior Care Corporation (TSX:LW) today announced that the Company's dividend for November, 2012 will be $0.0708 per share, representing $0.85 per share on an annualized basis. Payment will be made on December 14, 2012 to shareholders of record November 30, 2012.
On November 7, 2012, Leisureworld announced, concurrently with its 2012 third quarter financial results news release, that it will increase its monthly dividend to $0.075 per share, representing $0.90 per share on an annualized basis. The increase will be effective for Leisureworld's December 2012 dividend.
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 Canada's fifth largest operator of seniors' housing and the third largest licensed long-term care (LTC) provider in Ontario. Leisureworld owns and operates 27 LTC homes across Ontario with 4,474 beds. The Company also owns and operates six retirement residences and one independent living residence, representing 768 suites, in Ontario and British Columbia. Leisureworld subsidiaries include: Preferred Health Care Services, an accredited provider of professional nursing and personal support services; and Ontario Long Term Care, a provider of purchasing services, and dietary, social work, and other regulated health professional services. For more information, please visit the Company's website at www.leisureworld.ca.