Utility Corp. Retains Financial Advisor

TORONTO, Dec. 12, 2012 /CNW/ - Utility 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 that after such review an extension will be proposed or if proposed, will be approved by shareholders.

Utility Corp. is a mutual fund corporation whose investment portfolio consists of publicly listed securities of selected Canadian utility and telecommunication issuers. The Class C Shares of Utility Corp. are listed for trading on the Toronto Stock Exchange under the symbol UTC.C.

SOURCE: Utility Corp.

For further information:

please contact

Investor Relations
Utility Corp.
(416) 863-7893
E-mail: mc.utility@scotiabank.com
Web site: www.scotiamanagedcompanies.com


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