FirstService Declares Quarterly Cash Dividend on Common Shares
May 17 2016 - 4:30PM
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 StatementsThis
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
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