/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, May 20, 2015 /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
June 15, 2015 to holders of record of
Common Shares at the close of business on May 29, 2015. This will be the Company's
134th consecutive dividend payment since inception.
The ex-dividend date for this distribution will be May 27, 2015. 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