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NOVA CORP. OF ALBERTA DECLARES DIVIDENDS

 NOVA CORP. OF ALBERTA DECLARES DIVIDENDS
 CALGARY, Alberta, Feb. 28 /PRNewswire/ -- Notice is hereby given


that the board of directors of NOVA Corp. of Alberta (NYSE: NVA, Toronto, Montreal: NVA) has declared the following quarterly dividend, payable on the May 15, 1992, to shareholders of record at the close of business on the May 8, 1992.
 PREFERRED SHARES
 9-1/8 Percent Series, Dividend No. 29:
 Dividend on the outstanding 9 1/8 percent cumulative redeemable fixed/floating rate first preferred shares for the period ending May 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 April 1992 (the "calculation period") multiplied by $25. Such dividend is estimated to be $0.328125 per share, based on a prime rate of 7 1/2 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- 2/28/92
 /CONTACT: J.S. Mustoe, VP, general counsel and corporate secretary of NOVA Corp. of Alberta, 403-290-7636/
 (NVA) CO: NOVA Corporation of Alberta ST: Alberta IN: OIL SU: DIV


JL -- LA022 -- 3849 02/28/92 16:05 EST
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 28, 1992
Words:242
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