Business Editors
MARKHAM, Ontario--(BUSINESS WIRE)--Dec. 15, 2000--Extendicare Inc.
(NYSE:EXE.A)(TSE:EXE.)(TSE:EXE.A) announced the declaration yesterday
by its Directors of quarterly dividends on the Corporation's Class I
Preferred Shares, payable on February 15, 2001 to shareholders of
record January 31, 2001.
The dividends on the Class I, Series 3 Preferred Shares
(TSE:EXE.PR.C) are $0.3075 per share. The dividends on the Class I,
Series 2 (TSE:EXE.PR.B) and Series 4 (TSE:EXE.PR.D) Preferred Shares
will be determined by applying $25.00 to one quarter of 71 percent and
72 percent of the average Canadian prime rate of interest,
respectively, for the quarter ending December 31, 2000.
In addition, a monthly dividend of $0.125 per share on the
Corporation's Class II Preferred Shares, Series 1 (TSE:EXE.PR.E) was
declared yesterday, payable on January 15, 2001 to shareholders of
record as at December 29, 2000. The floating rate monthly dividend on
the Class II Preferred Shares, Series I is based on the November 30,
2000 month end prime interest rate.
Visit Extendicare's Web Site at www.extendicare.com.
CONTACT:
Extendicare Inc.
Jillian Fountain, 905/470-5534
Original article: http://www.businesswire.com/webbox/bw.121500/203500127.htm
