ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(CCNMatthews - Feb. 28, 2006) - Today, the Board of Directors of Fortis Inc. (TSX:FTS) (the "Corporation") declared the following dividends:
1. $0.16 per share on the issued and outstanding fully paid Common Shares of the Corporation, payable on June 1, 2006 to the Common Shareholders of Record at the close of business on May 5, 2006; 2. $0.340625 per share on the Series C First Preference Shares of the Corporation, payable on June 1, 2006 to the Shareholders of Record at the close of business on May 5, 2006; and 3. $0.3063 per share on the Series E First Preference Shares of the Corporation, payable on June 1, 2006 to the Shareholders of Record at the close of business on May 5, 2006.
Fortis Inc. is a diversified, international electric utility holding company with assets exceeding $4.3 billion and annual revenues of more than $1.4 billion. It has holdings in 7 regulated distribution utilities located in Newfoundland, Prince Edward Island, Ontario, Alberta, British Columbia, Belize and Grand Cayman, Cayman Islands. It has non-regulated generation operations in Newfoundland, Ontario, British Columbia, upper New York State and Belize. Fortis Inc. has investments in real estate and hotel operations through Fortis Properties Corporation, its wholly owned non-utility subsidiary.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Fortis Inc.
Ms. Donna Hynes
Manager, Investor Relations
(709) 737-2800
(709) 737-5307 (FAX)
