Northampton Group Inc.

Northampton Group Inc.

September 13, 2005 09:53 ET

Northampton Group Announces Annual Dividend

TORONTO, ONTARIO--(CCNMatthews - Sept. 13, 2005) - Northampton Group Inc. (TSX VENTURE:NHG)(TSX VENTURE:NHG.DB) today announced its fourth annual dividend. The dividend, amounting to two cents per common share and yielding approximately three percent, has been approved by Northampton's Board of Directors. The dividend will be paid on October 31st, 2005 for shareholders of record as of October 14th, 2005.

"Management strongly believes that it is important to reward our shareholders," said Vinod Patel, Northampton's president and CEO, "We also believe that it is worth noting that Northampton began declaring a dividend as the hospitality market hit a slump, and has continued its payout through several challenging years. In addition, we are pleased to point out our recently expanded public float, a goal of Northampton's that arose from our desire to see both increased trading and a broader shareholder base."

Northampton Group Inc. is an integrated Canadian hotelier with ownership and management interests in 2,064 rooms in 16 hotels. 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, as evidenced by Hotelier Magazine's Top Growth award for Northampton's fiscal 2003 and 2004.

Shares Outstanding: 23,937,577

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Northampton Group Inc.
    Vinod Patel
    President & CEO
    (905) 629-9992 x104
    (905) 629-9636 (FAX)