TORONTO, May 17, 2016 (GLOBE NEWSWIRE) -- FirstService Corporation (TSX:FSV) (NASDAQ:FSV) ("FirstService")
announced today that its Board of Directors has declared a quarterly cash dividend on the outstanding Subordinate Voting Shares and
Multiple Voting Shares of FirstService (together, the "Common Shares") of US$0.11 per Common Share. The
dividend is payable on July 7, 2016 to holders of Common Shares of record at the close of business on June 30, 2016. The dividend
on Common Shares is an "eligible dividend" for Canadian income tax purposes.
About FirstService Corporation
FirstService Corporation is a North American leader in the essential outsourced property services
sector, serving its customers through two industry-leading service platforms: FirstService Residential - North
America’s largest manager of residential communities; and FirstService Brands - one of North America’s largest
providers of essential property services delivered through individually branded franchise systems and company-owned operations.
FirstService generates more than US$1.3 billion in annual revenues and has approximately 16,000 employees across North America.
With significant insider ownership and an experienced management team, FirstService has a long-term track record of creating value
and superior returns for shareholders. The Subordinate Voting Shares of FirstService trade on the NASDAQ and the Toronto Stock
Exchange under the symbol “FSV.” More information is available at www.firstservice.com.
Forward-looking Statements
This press release includes or may include forward-looking statements. Forward-looking statements include the Company’s financial
performance outlook and statements regarding goals, beliefs, strategies, objectives, plans or current expectations. These
statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially
different from any future results, performance or achievements contemplated in the forward-looking statements. Such factors
include: (i) general economic and business conditions, which will, among other things, impact demand for the Company’s services and
the cost of providing services; (ii) the ability of the Company to implement its business strategy, including the Company’s ability
to acquire suitable acquisition candidates on acceptable terms and successfully integrate newly acquired businesses with its
existing businesses; (iii) changes in or the failure to comply with government regulations; and (iv) other factors which are
described in the Company’s filings with applicable Canadian and United States securities regulatory authorities (which factors are
adopted herein).
COMPANY CONTACTS: D. Scott Patterson President & CEO (416) 960-9500 Jeremy Rakusin Chief Financial Officer (416) 960-9500
