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NOVA CORPORATION OF ALBERTA DECLARES QUARTERLY DIVIDEND

      NOVA CORPORATION OF ALBERTA DECLARES QUARTERLY DIVIDEND
    CALGARY, Alberta, Nov. 1 /PRMNewswire/ -- Notice is hereby given that the board of directors of NOVA Corporation of Alberta (NYSE, Toronto, Montreal, Calgary: NVA) has declared the following quarterly dividend, payable on the Nov. 15, 1991, to shareholders of record at the close of business on Nov. 8, 1991.
    Preferred Shares
    9 1/8 Percent Series, Dividend No. 27:
    Dividend on the outstanding 9 1/8 Percent Cumulative Redeemable Fixed/Floating Rate First Preferred Shares for the period ending Nov. 15, 1991, 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 1991 (the "Calculation Period") multiplied by $25.  Such dividend, payable Nov. 15, 1991, is $0.4172875 per share, based on a prime rate of 9 3/4 percent until Sept. 12, 1991, a prime rate of 9 1/2 percent until Oct. 20, 1991, a prime rate of 9 percent until Oct. 24, 1991 and a prime rate of 8 3/4 percent thereafter.
    -0-                    11/1/91
    /CONTACT:  J.S. Mustoe of NOVA Corporation of Alberta, 403-290-7636/
    (NVA.) CO:  NOVA Corporation of Alberta ST:  Alberta IN:  OIL SU:  DIV EH-JL -- LA024 -- 0459 11/01/91 18:24 EST
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Publication:PR Newswire
Date:Nov 1, 1991
Words:246
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