Leisure Technology Will Skip Payment: The Los...
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From Times Staff and Wire Reports
Leisure Technology Will Skip Payment: The Los Angeles-based developer of retirement housing said it will not make the Sept. 1 dividend payment on its preferred stock, the second quarter in a row that it has failed to do so. Leisure Technology also announced that it has closed a joint-venture partnership with a subsidiary of a Tokyo-based company to develop the final 335 homes at Leisure Village Ocean Hills, an adult community in Oceanside.
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