Extendicare Inc. Declares Preferred Share Dividend Payment-TSX: EXE.PR.E

MARKHAM, Ontario--(BUSINESS WIRE)--Feb. 16, 2005--Extendicare Inc. (TSX:EXE.MV)(TSX:EXE.SV)(NYSE:EXE) announced today that a monthly dividend of $0.071 per share, on the Company's Class II Preferred Shares, Series 1 (EXE.PR.E) has been declared payable on March 15, 2005 to shareholders of record on February 28, 2005. The floating rate monthly dividend on the Class II Preferred Shares, Series 1 is based on the prime interest rate on January 31, 2005.