MARKHAM, Ontario, Sept. 15, 2017 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX:EXE)
announced that it has declared a cash dividend of C$0.04 per common share of the Company (the “Common Share”) for the month of
September 2017, which is payable on October 16, 2017 to shareholders of record at the close of business on September 29, 2017. This
dividend is designated as an “eligible dividend” within the meaning of the Income Tax Act (Canada).
Extendicare has a Dividend Reinvestment Plan (the “DRIP”), which provides Canadian resident holders of Common Shares with the
opportunity to increase their respective investments at a 3% discount to the volume weighted average trading price of the Common
Shares on the TSX for the five trading days immediately preceding the dividend payment date. A copy of the DRIP package is
available under the investors section of Extendicare’s website.
ABOUT EXTENDICARE
Extendicare is a leading provider of care and services for seniors throughout Canada. Through our network of 114 operated senior
care and living centres (65 owned/49 managed), as well as our home health care operations, we are committed to delivering care
throughout the health care continuum to meet the needs of a growing seniors’ population in Canada. Our qualified and highly trained
workforce of 23,800 individuals is dedicated to helping people live better through a commitment to quality service and a passion
for what we do.
Forward-looking Statements
Information provided by Extendicare from time to time, including this release, contains or may contain forward-looking
statements concerning anticipated financial events, results, circumstances, economic performance or expectations with respect to
Extendicare and its subsidiaries, including, without limitation, statements regarding its business operations, business strategy,
and financial condition. Forward-looking statements can be identified because they generally contain the words “anticipate”,
“believe”, “estimate”, “expect”, “intend”, “objective”, “plan”, “project”, “will” or other similar expressions or the negative
thereof. Forward-looking statements reflect management’s beliefs and assumptions and are based on information currently available,
and Extendicare assumes no obligation to update or revise any forward-looking statement, except as required by applicable
securities laws. These statements are not guarantees of future performance and involve known and unknown risks, uncertainties and
other factors that may cause actual results, performance or achievements of Extendicare to differ materially from those expressed
or implied in the statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on
Extendicare’s forward-looking statements. Further information can be found in the disclosure documents filed by Extendicare with
the securities regulatory authorities, available at www.sedar.com and on Extendicare’s website at www.extendicare.com.
For further information, contact:
Jillian E. Fountain
Corporate Secretary
Phone: (905) 470-5534; Fax: (905) 470-4003
Email: jfountain@extendicare.com
www.extendicare.com