HALIFAX, NS, March 7, 2022 /CNW/ - NexLiving
Communities Inc. (TSXV: NXLV) ("NexLiving" or the
"Company") announces that the board of directors of the Company has
approved and declared a dividend of $0.0005 per common share for the quarter ending
March 31, 2022, representing
$0.002 per share on an annualized
basis. The dividend is payable on March 31,
2022 to shareholders of record on March 14, 2022.
This dividend is designated by the Company as an eligible
dividend for the purpose of the Income Tax Act (Canada) and any similar provincial or
territorial legislation. An enhanced dividend tax credit applies to
eligible dividends paid to Canadian residents.
The declaration and payment of dividends is at the discretion of
the board of directors of the Company and future declaration of
dividends will depend on the Company's financial results, cash
requirements and other factors deemed relevant by the board of
directors of the Company.
For more information about NexLiving, please refer to our
website at www.nexliving.ca and our public disclosure at
www.sedar.com.
About the Company
NexLiving continues to execute its plans to acquire recently
built or refurbished, highly leased multi-residential properties in
bedroom communities across Canada.
The Company aims to satisfy the needs of the newly emerging 55+
resident. The demographic that has changed the world is now
changing the way residential rental apartments cater to their
requirements. Their desire for community, along with service,
quality and convenience has led to the emergence of the 55+ active
living segment. Apartments are their next "home", after years of
owning they look forward to the carefree lifestyle provided through
renting in a community of their peers. NexLiving intends to
consolidate this emerging market niche. The Company currently owns
705 units in New Brunswick and
Ontario. NexLiving has also
developed a robust pipeline of qualified properties for potential
acquisition. By screening the properties identified to match the
criteria set out by the Company (proximity to healthcare,
amenities, services and recreation), management has assembled a
significant pipeline of potential acquisitions for consideration by
the Company's Board of Directors.
Forward-Looking Statements
This news release contains forward-looking statements relating
to the future operations of NexLiving and other statements that are
not historical facts. Forward-looking statements are often
identified by terms such as "will", "may", "should", "anticipate",
"expects" and similar expressions. All statements other than
statements of historical fact, included in this release, including,
without limitation, statements regarding the future plans and
objectives of NexLiving Communities Inc, are forward-looking
statements that involve risks and uncertainties. There can be no
assurance that such statements will prove to be accurate and actual
results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from NexLiving Communities
Inc.'s expectations include other risks detailed from time to time
in the filings made by NexLIving Communities Inc. with securities
regulators.
The reader is cautioned that assumptions used in the preparation
of any forward-looking information may prove to be incorrect.
Events or circumstances may cause actual results to differ
materially from those predicted, as a result of numerous known and
unknown risks, uncertainties, and other factors, many of which are
beyond the control of NexLiving Communities Inc. The reader is
cautioned not to place undue reliance on any forward-looking
information. Such information, although considered reasonable by
management at the time of preparation, may prove to be incorrect
and actual results may differ materially from those anticipated.
Forward-looking statements contained in this news release are
expressly qualified by this cautionary statement. The
forward-looking statements contained in this news release are made
as of the date of this news release and NexLiving Communities Inc.
will only update or revise publicly the included forward-looking
statements as expressly required by Canadian securities law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
SOURCE NexLiving Communities Inc.