HALIFAX, Feb. 18 /CNW/ - The Board of Directors of Nova Scotia Power Inc.
approved a quarterly dividend of $0.30625 per Nova Scotia Power Incorporated
Series C First Preferred Share for the quarter ending March 31, 2008, payable
on and after April 1, 2008 to Series C preferred shareholders of record
March 18, 2008; and a quarterly dividend of $0.36875 per Nova Scotia Power
Incorporated Series D First Preferred Share for the quarter ending March 31,
2008 payable on and after April 15, 2008 to Series D preferred shareholders of
record April 1, 2008.
Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, Nova Scotia Power Inc. hereby notifies its Series C preferred
shareholders and its Series D preferred shareholders that such dividends
declared qualify as eligible dividends.
Nova Scotia Power Inc. is a wholly-owned subsidiary of Emera (TSX-EMA), a
diversified regional energy company. Nova Scotia Power provides more than 97%
of electric generation, transmission, and distribution to more than
460,000 customers across Nova Scotia. NSPI is committed to supporting Nova
Scotian communities by providing safe, reliable power. Nova Scotia Power Inc.
preferred shares are traded on the Toronto Stock Exchange under the symbols
NSI.PR.C and NSI.PR.D.
For further information:
For further information: Nancy Tower, Chief Financial Officer, (902)
428-6991; Jennifer Nicholson, Director Investor Relations and Corporate
Strategy, (902) 428-6347