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NOVA CORPORATION OF ALBERTA DECLARES DIVIDEND

 CALGARY, Alberta, Feb. 1 /PRNewswire/ -- Notice is hereby given that the board of directors of NOVA Corporation of Alberta (NYSE: NVA; Toronto, Montreal, Vancouver, Calgary: NVA) has declared the following quarterly dividend, payable on Feb. 15, 1993, to shareholders of record at the close of business on Feb. 8, 1993.
 Preferred Shares
 9 1/8 Percent Series, Dividend No. 32
 Dividend on the outstanding 9 1/8 percent Cumulative Redeemable Fixed/Floating Rate First Preferred Shares for the period ending Feb. 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 January 1993 (the "calculation period") multiplied by $25. Such dividend, payable Feb. 15, 1993, is $0.3419063 per share, based on a Prime Rate of 7 3/4 percent until Nov. 2, 1992, a Prime Rate of 7 1/2 percent until Nov. 16, 1992, a Prime Rate of 8 1/4 percent until Nov. 19, 1992, a Prime Rate of 9 percent until Nov. 24, 1992, a Prime Rate of 9 3/4 percent until Dec. 1, 1992, a Prime Rate of 9 percent until Dec. 7, 1992, a Prime Rate of 8 3/4 percent until Dec. 14, 1992, a Prime Rate of 8 1/2 percent until Dec. 16, 1992, a Prime Rate of 8 1/4 percent until Dec. 17, 1992, a Prime Rate of 8 percent until Dec. 20, 1992, a Prime Rate of 7 3/4 percent until Dec. 21, 1992, a Prime Rate of 7 1/2 percent until Dec. 22, 1992, a Prime Rate of 7 1/4 percent until Jan. 11, 1993, a Prime Rate of 7 percent until Jan. 14, 1993 and a Prime Rate of 6 3/4 percent thereafter.
 -0- 2/1/93
 /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

JL -- LA018 -- 1353 02/01/93 11:57 EST
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Publication:PR Newswire
Date:Feb 1, 1993
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