Dividend on common shares and Class A Non-Voting shares of Newco Bancorp Inc.



    TORONTO, Sept. 8 /CNW/ - Newco Bancorp Inc. announced today that it has
declared a dividend in the amount of 9.091 cents on each of its common shares
outstanding and 10 cents on each of its Class A Non-Voting shares outstanding,
such dividends to be payable on the 18th day of September, 2008 to holders of
record of common shares and Class A Non-Voting shares as at the close of
business September 15th, 2008. The dividend payable to the holders of common
shares will in the aggregate be approximately $55,628.19 and that to the
holders of the Class A Non-Voting shares will in the aggregate be
approximately $335,787.10, representing in total approximately 7% of the total
of the corporation's net investments and cash on hand.





For further information:

For further information: Maxwell L. Rotstein, Chairman & CEO, (416)
488-3322

Organization Profile

NEWCO BANCORP INC.

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