Business
FirstService declares initial dividend on preferred shares
FirstService declares initial dividend on preferred shares.
About this update from Firstservice Corp
[{"type":"text","content":"\n\n\n\nTORONTO, Sept. 10 /CNW/ - FirstService Corporation (TSX: FSV and\nFSV.PR.U; Nasdaq: FSRV) ("FirstService") announced today that its board of\ndirectors has declared an initial dividend on the outstanding 7% Cumulative\nPreference Shares, Series 1 (the "Preferred Shares") of FirstService of\nUS$0.2877 per Preferred Share for the period of August 1, 2007 (the date of\ninitial issue of the Preferred Shares) to but excluding September 30, 2007.\nThe dividend is payable on October 1, 2007 to holders of Preferred Shares of\nrecord at the close of business on September 19, 2007.\n\n\nFirstService intends to make quarterly cash dividend payments on the\nPreferred Shares to holders of record on or about the 15th day of the last\nmonth in each calendar quarter, with the dividends for each quarter being paid\non or about the last day of each calendar quarter. Subsequent to the payment\nof the initial dividend, regular cash dividends on the Preferred Shares in the\namount of US$0.4375 per share are anticipated to be paid for each calendar\nquarter.\n\n\nABOUT FIRSTSERVICE\n\n\nFirstService is a leader in the rapidly growing property services sector,\nproviding services in the following areas: commercial real estate; residential\nproperty management; property improvement; and integrated security services.\nMarket-leading brands include Colliers International in Commercial Real\nEstate; The Continental Group, The Wentworth Group and The MERIT Companies in\nResidential Property Management; Consumer brands California Closets, Paul\nDavis Restoration, Pillar to Post Home Inspections, Certa Pro Painters and\nHandyman Connection, in Property Improvement; and Intercon Security and\nSecurity Services & Technologies in Integrated Security.\n\n\nFirstService is a diversified property services company with more than US\n$1.6 billion in annualized revenues and more than 16,000 employees worldwide.\nMore information about FirstService is available at www.firstservice.com.\n\n\nForward-looking Statements\n\n\nCertain statements included in this release constitute "forward-looking\nstatements" within the meaning of the U.S. Private Securities Litigation\nReform Act of 1995. Such forward-looking statements involve known and unknown\nrisks, uncertainties and other factors which may cause the actual results,\nperforma...