MARKHAM, ONTARIO--(Marketwire - Feb. 15, 2012) - Leisureworld Senior Care Corporation (TSX:LW) today announced that the Company's dividend for February, 2012 will be $0.0708 per share, representing $0.85 per share on an annualized basis. Payment will be made on March 15, 2012 to shareholders of record February 29, 2012.

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 is the third largest licensed long-term care (LTC) provider in Ontario. The Company owns and operates 26 LTC homes, representing 4,314 beds across Ontario, Canada. Leisureworld also owns and operates three retirement residences comprising 323 suites and one independent living residence with 53 apartments. 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, dietary, social work, and other regulated health professional services. For more information, please visit the Company's website at [ www.leisureworld.ca ].

Publication Contributing Sources

• Market Wire