HALIFAX, NS, May 28, 2021 /CNW/ - NexLiving Communities Inc.
("NexLiving" or the "Company"), previously named ViveRE Communities
Inc. (TSXV: VCOM), announces that the board of directors of the
Company has approved and declared a dividend of $0.0005 per common share for the quarter ending
June 30, 2021, representing
$0.002 per share on an annualized
basis. The dividend is payable on June 30,
2021 to shareholders of record on June 4, 2021.
This dividend is designated by the Company as an eligible
dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or
territorial legislation. An enhanced dividend tax credit applies to
eligible dividends paid to Canadian residents.
The declaration and payment of dividends is at the discretion of
the board of directors of the Company and future declaration of
dividends will depend on the Company's financial results, cash
requirements and other factors deemed relevant by the board of
directors of the Company.
NexLiving also reports that at the Annual and Special Meeting of
the shareholders of the Company held on May
25, 2021, a majority of the disinterested shareholders of
the Company approved the increase in the maximum number of common
shares issuable under the Company's Deferred Share Unit plan from
7,000,000 to 10,000,000.
In addition, further to the Company's press release of
May 25, 2021, trading of the
Company's common shares on the TSX Venture Exchange under the
Company's new name and new symbol (TSX.V:NXLV) is now expected to
commence on or before market open on June 4,
2021.
About NexLiving Communities Inc.
NexLiving continues to execute its plans to acquire recently
built or refurbished, highly leased multi-residential properties in
bedroom communities across Canada.
The Company aims to satisfy the needs of the newly emerging 55+
resident. The demographic that has changed the world is now
changing the way residential rental apartments cater to their
requirements. Their desire for community, along with service,
quality and convenience has led to the emergence of the 55+ active
living segment. Apartments are their next "home", after years of
owning they look forward to the carefree lifestyle provided through
renting in a community of their peers. NexLiving intends to
consolidate this emerging market niche. The Company currently
owns over 500 units in New
Brunswick and Ontario.
NexLiving has also developed a robust pipeline of qualified
properties for potential acquisition. By screening properties
identified to match the criteria set out by the Company (proximity
to healthcare, amenities, services and recreation), management has
identified a significant pipeline of potential acquisitions for
consideration by the Company's Board of Directors.
Forward-looking statements
This news release contains forward-looking statements relating
to the future operations of NexLiving and other statements that are
not historical facts. Forward-looking statements are often
identified by terms such as "aims", "intends", "will", "may",
"should", "anticipate", "expects" and similar expressions. All
statements other than statements of historical fact, included in
this release, including, without limitation, statements regarding
the future plans and objectives of NexLiving Communities Inc, are
forward-looking statements that involve risks and uncertainties,
and are necessarily based on a number of assumptions that, while
considered reasonable by management, are inherently subject to
business, market and economic risks, uncertainties and
contingencies that may cause actual results, performance or
achievements to be materially different from those expressed or
implied by forward-looking statements. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from NexLiving Communities Inc.'s expectations
include other risks detailed from time to time in the filings made
by NexLiving Communities Inc. with securities regulators.
Forward-looking information in this news release includes
expectations relating to: the pipeline for future acquisitions
which may be impacted by NexLiving's ability to negotiate suitable
terms, due diligence, access to capital and market conditions;
operating results which may be impacted by unexpected vacancies and
maintenance expenses; availability of capital which may be impacted
by capital market and borrowing conditions.
The reader is cautioned that assumptions used in the preparation
of any forward-looking information may prove to be incorrect.
Events or circumstances may cause actual results to differ
materially from those predicted, as a result of numerous known and
unknown risks, uncertainties, and other factors, many of which are
beyond the control of NexLiving Communities Inc. The reader is
cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and NexLiving Communities Inc.
will only update or revise publicly the included forward-looking
statements as expressly required by Canadian securities law.
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this press release.
SOURCE ViveRE Communities Inc.