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NOVA CORP. OF ALBERTA ANNOUNCES DIVIDEND

 NOVA CORP. OF ALBERTA ANNOUNCES DIVIDEND
 CALGARY, Alberta, Feb. 3 /PRNewswire/ -- Notice is hereby given that


the board of directors of NOVA Corp. of Alberta (NYSE: NVA, Toronto, Montreal, Calgary: NVA) has declared the following quarterly dividend, payable on Feb. 15, 1992, to shareholders of record at the close of business on Feb. 10, 1992.
 Preferred Shares
 9-1/8 Percent Series, Dividend No. 28:
 Dividend on the outstanding 9-1/8 percent cumulative redeemable fixed/floating rate first preferred shares for the period ending Feb. 15, 1992, 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 1992 (the "Calculation Period") multiplied by $25. Such dividend, payable Feb. 15, 1992, is $0.3571313 per share, based on a prime rate of 8-3/4 percent until Nov. 6, 1991, a prime rate of 8-1/2 percent until Dec. 5, 1991, a prime rate of 8 percent until Jan. 23, 1992 and a prime rate of 7-1/2 percent thereafter.
 -0- 2/3/92
 /CONTACT: J.S. Mustoe, VP, general counsel and corporate secretary, of NOVA Corp. of Alberta, 403-290-7636/
 (NVA.) CO: NOVA Corp. of Alberta ST: Alberta IN: OIL SU: DIV


KJ -- LA020 -- 6226 02/03/92 13:15 EST
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Publication:PR Newswire
Date:Feb 3, 1992
Words:244
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