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
SOURCE: Utility Corp.
For further information:
Web site: www.scotiamanagedcompanies.com