Fortis Inc.

Fortis Inc.

March 01, 2005 13:30 ET

Fortis Inc. Announces Second Quarter Dividends-2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FORTIS INC.

TSX SYMBOL: FTS

MARCH 1, 2005 - 13:30 ET

Fortis Inc. Announces Second Quarter Dividends-2005

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(CCNMatthews - March 1, 2005) -
Today, the Board of Directors of Fortis Inc. (the "Corporation")
(TSX:FTS) declared the following dividends:

1. $0.57 per share on the issued and outstanding fully paid Common
Shares of the Corporation, payable on June 1, 2005 to the Common
Shareholders of Record at the close of business on May 6, 2005;

2. $0.340625 per share on the First Preference Shares, Series "C" of the
Corporation, payable on June 1, 2005 to the Shareholders of Record at
the close of business on May 6, 2005; and,

3. $0.3063 per share on the First Preference Shares, Series "E" of the
Corporation (the "Series E Shares"), payable on June 1, 2005 to the
Shareholders of Record at the close of business on May 6, 2005.

Fortis Inc. is a diversified, international electric utility holding
company with assets of $3.8 billion and annual revenues of approximately
$1.2 billion. The Common Shares, Series C First Preference Shares and
Series E First Preference Shares of Fortis Inc. are traded on the
Toronto Stock Exchange under the symbols FTS, FTS.PR.C and FTS.PR.E,
respectively. Fortis Inc. information can be accessed at
www.fortisinc.com.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Fortis Inc.
    Ms. Donna Hynes
    Manager, Investor Relations
    (709) 737-2800
    (709) 737-5307 (FAX)