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NOVA CORPORATION OF ALBERTA DIVIDEND NOTICE

 CALGARY, Alberta, Dec. 10 /PRNewswire/ -- Notice is hereby given that the board of directors of NOVA Corporation of Alberta has declared the following quarterly dividend, payable on Feb. 15, 1994, to shareholders of record at the close of business on Feb. 8, 1994.
 Preferred Shares
 9 1/8 percent Series, Dividend No. 36:
 Dividend on the outstanding 9 1/8 percent Cumulative Redeemable Fixed/Floating Rate First Preferred Shares for the period ending Feb. 15, 1994, will be in an amount per share equal to one-quarter of 70 percent of the average of the Prime Rate (as defined in the provisions attaching to the 9 1/8 percent Cumulative Redeemable Fixed/Floating Rate First Preferred Shares) in effect on each day during the three calendar months ended on the last day of January 1994 (the "Calculation Period") multiplied by $25.00. Such dividend is estimated to be $0.2415875 per share, based on a Prime Rate of 5 3/4 percent until Nov. 8, 1993, and a Prime Rate of 5 1/2 percent thereafter. This amount may vary depending upon the actual Prime Rate in effect for the Calculation Period and further notification will be made once the actual dividend amount is determined.
 -0- 12/10/93
 /CONTACT: J.S. Mustoe, senior VP, general counsel and corporate secretary, 403-290-7636/
 (NVA.)


CO: NOVA Corporation of Alberta ST: Alberta IN: OIL SU:

JL -- LA034 -- 2762 12/10/93 16:20 EST
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Publication:PR Newswire
Date:Dec 10, 1993
Words:240
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