Northampton Group Inc.

Northampton Group Inc.

September 10, 2008 12:24 ET

Northampton Announces Dividend Payment

Dividend Approved for Shareholders of Record As At September 30, 2008

TORONTO, ONTARIO--(Marketwire - Sept. 10, 2008) - Northampton Group Inc. (TSX VENTURE:NHG)(TSX VENTURE:NHG.DB), an integrated Canadian hotelier, today announced the payment of a $0.015 dividend to shareholders of record as of September 30, 2008. The dividend will be paid to shareholders on October 15, 2008.

This represents the second payment under a new policy that the Board of Directors have established and announced in November 2007, enabling two dividend payments per year rather than one, as has been the case in prior years. The first payment under this new policy was made on March 14, 2008.

About Northampton

Northampton Group Inc. is an integrated Canadian hotelier with ownership and management interests in 2,200 rooms in 17 hotels, with a selective strategic development program in place. Focused on creating the best return for all stakeholders, Northampton's proven, market-sensitive strategy is to acquire or build hotels that provide superior overnight accommodation in the mid-price market. Northampton has demonstrated that it excels in this sector, offering services that exceed expectations while still posting industry-leading margins.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Northampton Group Inc.
    Vinod Patel
    President and CEO
    (905) 629-9992
    (905) 629-9636 (FAX)