Regal Lifestyles Communities Inc. Declares Its Initial Dividend of 8.84 Cents Per Common Share
TORONTO, Nov. 14, 2012 /CNW/ - Regal Lifestyle Communities Inc. ("Regal" or the "Company") (TSX: RLC) announced today that its Board of Directors declared an initial cash dividend of $0.0865 cents per share for the 45-day period from October 16, 2012 to November 30, 2012. The dividend is payable on December 14, 2012 to shareholders of record as at November 30, 2012.
About Regal Lifestyle Communities Inc.
Regal Lifestyle Communities Inc. is a corporation incorporated under the laws of the Province of Ontario. With the completion of its recent initial public offering and related transactions, the Company acquired a portfolio consisting of income-producing retirement communities offering primarily independent serviced living and assisted living programs. The Company's portfolio is comprised of ten "current generation" retirement communities with an average age of approximately five years, consisting of over 1,400 suites, primarily located in the Province of Ontario and including a property located in each of the Provinces of Saskatchewan and Newfoundland and Labrador.
Regal's goals are to deliver stable dividends to its shareholders while expanding its portfolio of current generation retirement communities over time through accretive acquisitions and expansions of owned communities
For more information, visit the Company's issuer profile at www.sedar.com
SOURCE Regal Lifestyle Communities Inc.