Leisureworld Announces March Dividend

MARKHAM, ONTARIO--(Marketwire - March 15, 2013) - Leisureworld Senior Care Corporation (TSX:LW) today announced that the Company's dividend for March, 2013 will be $0.075 per share, representing $0.90 per share on an annualized basis. Payment will be made on April 15, 2013 to shareholders of record March 28, 2013.

Leisureworld's dividends are designated as eligible dividends for Canadian tax purposes in accordance with subsection 89(14) of the Income Tax Act (Canada), and any applicable corresponding provincial and territorial provisions.

About Leisureworld

Leisureworld Senior Care Corporation is Canada's fifth largest operator of seniors' housing and the third largest licensed long-term care (LTC) provider in Ontario. Leisureworld owns and operates 27 LTC homes across Ontario with 4,474 beds. The Company also owns and operates five retirement residences and one independent living residence, representing 739 suites, in Ontario and British Columbia. Leisureworld subsidiaries include: Preferred Health Care Services, an accredited provider of professional nursing and personal support services; and Ontario Long Term Care, a provider of purchasing services, and dietary, social work, and other regulated health professional services. For more information, please visit the Company's website at www.leisureworld.ca.