/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO,
Dec. 18, 2014 /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 January 15, 2015 to
holders of record of Common Shares at the close of business on
December 31, 2014. This will be the
Company's 129th consecutive dividend payment since
inception.
The ex-dividend date for this distribution will
be December 29, 2014. 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
Corporation
Medical Facilities owns controlling interests in
five specialty surgical hospitals located in South Dakota, Arkansas 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