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NOVA CORPORATION OF ALBERTA DECLARES DIVIDEND NOTICE

 CALGARY, Alberta, Feb. 26 /PRNewswire/ -- Notice is hereby given that the board of directors of Nova Corporation of Alberta (NYSE: NVA; Toronto, Montreal, Calgary: NVA) has declared the following quarterly dividend, payable on the May 15, 1993, to shareholders of record at the close of business on the May 10, 1993.
 Preferred Shares
 9 1/8 Percent Series, Dividend No. 33:
 Dividend on the outstanding 9 1/8 percent cumulative redeemable Fixed/Floating Rate First Preferred Shares for the period ending May 15, 1993, 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 1993 (the "calculation period") multiplied by $25. Such dividend is estimated to be $0.2869563 per share, based on a prime rate of 6 3/4 percent until Feb. 21, 1993 and a prime rate of 6 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- 2/26/93
 /CONTACT: J.S. Mustoe, VP, general counsel and corporate secretary of Nova Corporation of Alberta, 403-290-7636/
 (NVA)


CO: Nova Corporation of Alberta ST: Alberta IN: OIL SU: DIV

MS -- LA018 -- 0914 02/26/93 14:16 EST
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Publication:PR Newswire
Date:Feb 26, 1993
Words:252
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