ST. JOHN'S, NEWFOUNDLAND--(CCNMatthews - April 28, 2006) - Newfoundland Power Inc. (TSX:FTS) has 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 July 31st, 2006, be and
is hereby declared payable August 1st, 2006 to the Series A
First Preference Shareholders of Record at the close of
business July 14th, 2006;
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 July
31st, 2006, be and is hereby declared payable August 1st,
2006 to the Series B First Preference Shareholders of Record
at the close of business July 14th, 2006;
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 August
31st, 2006, be and is hereby declared payable September 1st,
2006 to the Series D First Preference Shareholders of Record
at the close of business August 11th, 2006; 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 June 30th, 2006, be and
is hereby declared payable July 1st, 2006 to the Series G
First Preference Shareholders of Record at the close of
business June 16th, 2006.
With a customer base of over 227,000 accounts, Newfoundland Power is dedicated to providing the highest level of customer service and reliability of electricity in the most cost-efficient manner possible. For more information on Newfoundland Power's programs, services and community partnerships, please visit www.newfoundlandpower.com.
All the common shares of Newfoundland Power are owned by Fortis Inc., a diversified, international electric utility holding company with assets exceeding $4.3 billion and annual revenues of more than $1.4 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Newfoundland Power Inc.
Mr. Bob Meyers
Treasurer
Office: (709) 737-5740
(709) 737-5300 (FAX)
