/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Feb. 17, 2012 /CNW/ - Medical Facilities Corporation (TSX: DR)
("Medical Facilities" or the "Company") announced today that a cash
dividend payment of Cdn$0.0917 per Common Share will be payable on
March 15, 2012 to holders of record of Common Shares at the close of
business on February 29, 2012.
The ex-dividend date for this distribution will be February 27, 2012.
Medical Facilities designates this dividend to be an "eligible
dividend" pursuant to subsection 89(14) of the Income Tax Act (Canada)
and its equivalent in any provinces of Canada.
About Medical Facilities
Medical Facilities owns controlling interests in four specialty surgical
hospitals, located in South Dakota and Oklahoma, as well as an
ambulatory surgery center in California. The specialty hospitals
perform scheduled surgical, imaging and diagnostic procedures, and
derive their revenue from the fees charged for the use of their
facilities. The ambulatory surgery center specializes in outpatient
surgical procedures, with patient stays of less than 24 hours. Medical
Facilities pays out a majority of its free cash flows from operations
to holders of its Common Shares in the form of a monthly dividend. For
more information, please visit www.medicalfacilitiescorp.ca.
Caution concerning forward-looking statements
Statements made in this news release, other than those concerning historical financial
information, may be forward-looking and therefore subject to various
risks and uncertainties. Some forward-looking statements may be
identified by words like "may", "will", "anticipate", "estimate",
"expect", "intend", or "continue" or the negative thereof or similar
variations. Certain material factors or assumptions are applied in
making forward-looking statements and actual results may differ
materially from those expressed or implied in such statements. Factors
that could cause results to vary include those identified in Medical
Facilities' filings with Canadian securities regulatory authorities
such as legislative or regulatory developments, intensifying
competition, technological change and general economic conditions. All
forward-looking statements presented herein should be considered in
conjunction with such filings. Medical Facilities does not undertake
to update any forward-looking statements; such statements speak only as
of the date made.
SOURCE Medical Facilities Corporation
For further information:
Chief Financial Officer
Medical Facilities Corp.
(416) 848-7380 or 1-877-402-7162
(416) 815-0700 or 1-800-385-5451 ext. 242