/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, Aug. 20, 2014 /CNW/ - Medical Facilities Corporation (TSX: DR)
("Medical Facilities" or the "Company") announced today that a cash
dividend payment of Cdn$0.09375 per Common Share will be payable on
September 15, 2014 to holders of record of Common Shares at the close
of business on August 29, 2014.
The ex-dividend date for this distribution will be August 27, 2014.
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 Corporation
Medical Facilities owns controlling interests in five specialty surgical
hospitals located in South Dakota, Arkansas and Oklahoma, as well as an
ambulatory surgery center in California. The specialty hospitals
perform scheduled surgical, imaging, diagnostic and other procedures,
including primary and urgent care, 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 is structured so that a
majority of its free cash flow from operations is distributed to the
holders of its common shares in the form of dividends. 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. 258