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NOVA CORPORATION OF ALBERTA DECLARES DIVIDEND

 NOVA CORPORATION OF ALBERTA DECLARES DIVIDEND
 CALGARY, Alberta, Sept. 4 /PRNewswire/ -- Notice is hereby given


that the board of directors of NOVA Corporation of Alberta (NYSE: NVA; Toronto, Montreal: NVA) has declared the following quarterly dividend, payable on Nov. 15, 1992, to shareholders of record at the close of business on Nov. 9, 1992.
 Preferred Shares
 9 1/8 percent Series, Dividend No. 31:
 Dividend on the outstanding 9 1/8 percent cumulative redeemable fixed/floating rate first preferred shares for the period ending Nov. 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 October 1992 (the "calculation period") multiplied by $25. Such dividend is estimated to be $0.2779438 per share, based on a prime rate of 6 3/4 percent until Aug. 5, 1992, a prime rate of 6 1/2 percent until Sept. 2, 1992 and a prime rate of 6 1/4 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- 9/4/92
 /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 -- LA011 -- 6919 09/04/92 12:11 EDT
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Date:Sep 4, 1992
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