FirstService Declares Quarterly Dividend on Common Shares
December 10 2015 - 4:12PM
FirstService Corporation (TSX:FSV) (NASDAQ:FSV)
("
FirstService") announced today that its board of
directors has declared a quarterly dividend on the outstanding
Subordinate Voting Shares and Multiple Voting Shares (together, the
"
Common Shares") of FirstService of US$0.10 per
Common Share. The dividend is payable on January 7, 2016 to holders
of Common Shares of record at the close of business on December 31,
2015. The dividend is an "eligible dividend" for Canadian income
tax purposes.
About FirstService Corporation
FirstService Corporation is a North American leader in the
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 $1.1 billion in annual revenues
and has more than 15,000 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".
For the latest news from FirstService Corporation, visit
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).
CONTACT: Scott Patterson
Chief Executive Officer
Jeremy Rakusin
Chief Financial Officer
(416) 960-9500
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