TORONTO, Dec. 3, 2013 /CNW/ - NewGrowth Corp. (the "Company") announced
today that its Board of Directors has retained Scotiabank to advise the
Company on a possible extension and reorganization of the Company.
There is no guarantee such an extension will be proposed and if
proposed, will be approved by shareholders.
NewGrowth Corp. is a mutual fund corporation whose investment portfolio
consists of publicly-listed securities of selected Canadian chartered
banks, telecommunication, pipeline and utility issuers. The Capital
Shares and Preferred Shares of NewGrowth Corp. are listed for trading
on The Toronto Stock Exchange under the symbols NEW.A and NEW.PR.C
SOURCE: NewGrowth Corp.
For further information:
Web site: www.scotiamanagedcompanies.com