/NOT FOR DISTRIBUTION TO UNITED
STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES/
TORONTO,
Oct. 22, 2012 /CNW/ - Medical
Facilities Corporation (TSX: DR) ("Medical Facilities" or the
"Company") announced today that a cash dividend payment of
Cdn$0.09375 per Common Share will be
payable on November 15, 2012 to
holders of record of Common Shares at the close of business on
October 31, 2012.
The ex-dividend date for this distribution will
be October 29, 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, diagnostic and other procedures,
including primary and urgent care, 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 is
structured so that a majority of its free cash flow from operations
is distributed to the holders of its common shares in the form of
dividends. 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