NOVA CORPORATION OF ALBERTA DECLARES DIVIDEND
NOVA CORPORATION OF ALBERTA DECLARES DIVIDEND CALGARY, Alberta, June 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 Aug. 15, 1992, to shareholders of record at the close of business on Aug. 11, 1992.
Preferred Shares 9-1/8 Percent Series, Dividend No. 30: Dividend on the outstanding 9-1/8 percent cumulative redeemable fixed/floating rate first preferred shares for the period ending Aug. 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 July 1992 (the "calculation period") multiplied by $25. Such dividend is estimated to be $0.3187188 per share, based on a prime rate of 7 3/4 percent until May 21, 1992, a prime rate of 7 1/2 percent until June 4, 1992, a prime rate of 7 1/4 percent until June 18, 1992 and a prime rate of 7 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- 6/26/92 /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 AL -- LA014 -- 4251 06/26/92 13:35 EDT
|Printer friendly Cite/link Email Feedback|
|Date:||Jun 26, 1992|
|Previous Article:||DEXTER ELECTS NEW DIRECTOR|
|Next Article:||ROYALE INVESTMENTS DECLARES QUARTERLY DIVIDEND|