Leisureworld Announces October Dividend

MARKHAM, ONTARIO--(Marketwired - Oct. 15, 2013) - Leisureworld Senior Care Corporation (TSX:LW) today announced that the Company's dividend for October, 2013 will be $0.075 per share, representing $0.90 per share on an annualized basis. Payment will be made on November 15, 2013 to shareholders of record October 31, 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 one of Canada's largest operators 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 4,498 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.