TORONTO, April 23, 2012 /CNW/ - The Board of Directors of Utility Corp. (the "Company") has today declared a regular monthly dividend distribution of $0.07 per Class C Share payable on April 30, 2012 to holders of record at the close of business on April 25, 2012.
Shareholders are entitled to receive dividends as declared by the Board of Directors of Utility Corp. It is the Company's policy to declare and pay equal monthly dividends on the outstanding Class C Shares based on revenue received less expenses.
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.
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