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NOVA CORP. OF ALBERTA - DIVIDEND NOTICE

 CALGARY, Alberta, May 6 /PRNewswire/ -- Notice is hereby given that the board of directors of NOVA Corp. of Alberta (NYSE: NVA) has declared the following quarterly dividend, payable on the 15th day of August 1994 to shareholders of record at the close of business on the 9th day of August 1994.
 Preferred Shares
 9 1/8 Percent Series, Dividend No. 38:
 Dividend on the outstanding 9 1/8 Percent Cumulative Redeemable Fixed/Floating Rate First Preferred Shares for the period ending Aug. 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 July 1994 (the "Calculation Period") multiplied by $25.00. Such dividend is estimated to be $0.2953125 per share, based on a Prime Rate of 6-3/4 percent. 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- 5/6/94
 /CONTACT: J.S. Mustoe, senior VP, general counsel and corporate secretary, of NOVA Corp., 403-290-7636/
 (NVA.)


CO: NOVA Corp. of Alberta ST: Alberta IN: OIL SU: DIV

LS-JP -- LA028 -- 3929 05/06/94 16:29 EDT
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Publication:PR Newswire
Date:May 6, 1994
Words:237
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