/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
TORONTO, July 20, 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
August 15, 2012 to holders of record of Common Shares at the close of
business on July 31, 2012.
The ex-dividend date for this distribution will be July 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