TORONTO, May 17, 2018 /CNW/ - In connection with the previously announced termination of Utility Corp. (the "Company") (TSX: UTC.C), the Board of Directors of the Company has today confirmed that the amount that will be paid to shareholders on May 22, 2018 will be $25.4757 per Class C Share, which will be comprised of a special one-time capital gains dividend in the amount of $7.5033 per Class C Share and the balance as the redemption value of the Class C Share.
SOURCE Utility Corp.
For further information: Investor Relations, Utility Corp., (416) 863-7893, E-mail: email@example.com, Web site: www.scotiamanagedcompanies.com
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.