In the news release, Medical Facilities Corporation Announces
September Dividend and Appointment of New Member of the Board of
Directors, issued 20-Sep-2017 by
Medical Facilities Corporation over Cision, we are advised by the
company that, in the second paragraph, the first sentence should
read "The ex-dividend date for this distribution will be
September 28, 2017", rather than "The
ex-dividend date for this distribution will be September 27, 2017" as originally issued
inadvertently. The complete, corrected release follows:
Medical Facilities Corporation Announces September Dividend and
Appointment of New Member of the Board of Directors
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED
STATES/
TORONTO, Sept. 20, 2017 /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
October 16, 2017 to holders of record
of common shares at the close of business on September 29, 2017. This will be the Company's
162nd consecutive dividend payment since inception.
The ex-dividend date for this distribution will be September 28, 2017. 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.
Appointment of New Member of the Board of
Directors
The Company is pleased to announce that Dr.
Reza Shahim has been appointed to
the Board of Directors. Dr. Shahim is board certified neurosurgeon
specializing in all aspects of neurosurgical care and minimally
invasive spine surgery. He practices at Arkansas Surgical Hospital
and Neurological Surgery Associates. Dr. Shahim is a Vice-President
and a member of the Board of Managers of Arkansas Surgical
Hospital. Dr. Shahim brings to the Board a hands-on understanding
of the U.S. healthcare system and specifically, specialty
hospitals.
About Medical Facilities Corporation
Medical
Facilities owns controlling interests in five specialty surgical
hospitals located in Arkansas,
Indiana, Oklahoma and South
Dakota, 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. In addition,
Medical Facilities owns controlling interest in a diversified
healthcare service company located in Oklahoma City that provides third-party
business solutions to healthcare entities such as physician
practices, facilities, and insurance companies. 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