Newfoundland Power Inc.
TSX : FTS

Newfoundland Power Inc.

July 28, 2005 15:08 ET

Newfoundland Power Declares Dividends on Series A, B, D and G First Preference Shares

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(CCNMatthews - July 28, 2005) - Newfoundland Power Inc. (TSX:FTS) declared regular quarterly dividends on its Series A, B, D and G First Preference Shares as follows:

1. a dividend of $0.1375 per share on the issued and outstanding 5 1/2 % Cumulative Redeemable First Preference Share Series A of the Company for the quarter ending October 31st, 2005, be and it is hereby declared payable November 1st, 2005 to the Series A First Preference Shareholders of Record at the close of business October 14th, 2005;

2. a dividend of $0.13125 per share on the issued and outstanding 5 1/4 % Cumulative Redeemable First Preference Share Series B of the Company for the quarter ending October 31st, 2005, be and it is hereby declared payable November 1st, 2005 to the Series B First Preference Shareholders of Record at the close of business October 14th, 2005;

3. a dividend of $0.18125 per share on the issued and outstanding 7 1/4 % Cumulative Redeemable First Preference Share Series D of the Company for the quarter ending November 30th, 2005, be and it is hereby declared payable December 1st, 2005 to the Series D First Preference Shareholders of Record at the close of business November 18th, 2005; and,

4. a dividend of $0.19 per share on the issued and outstanding 7.60% Cumulative Redeemable First Preference Share Series G of the Company for the quarter ending September 30th, 2005, be and it is hereby declared payable October 1st, 2005 to the Series G First Preference Shareholders of Record at the close of business September 16th, 2005.

Contact Information

  • Newfoundland Power Inc.
    Ms. Jocelyn Perry
    Vice President, Finance
    (709) 737-2812
    (709) 737-5300 (FAX)