Toronto, January 31, 2012
Attention: Business / Financial Editors
The Board of Directors of NewGrowth Corp. (the "Company") has
declared today ordinary dividends of $0.2055 per Preferred
Share and $0.2200 per Capital Share payable on March 26, 2012
to holders of record at the close of business on March 19,
2012.
Holders of the Preferred Shares are entitled to receive
quarterly fixed cumulative dividends equal to $0.20550 per
Preferred Share. The Company's Capital Share dividend policy
is to pay holders of Capital Shares quarterly dividends in an
amount equal to the dividends received by the Company on the
underlying portfolio securities minus the dividends payable
on the Preferred Shares and all administrative and operating
expenses provided the net asset value per Unit at the time of
declaration, after giving effect to the dividend, would be
greater than the original issue price of the Preferred
Shares.
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
respectively.
For more information, please contact
Investor Relations NewGrowth Corp. (416) 862-3931
E-mail: mc.newgrowth@scotiabank.com
Web site: www.scotiamanagedcompanies.com
26th Floor, 40 King Street West, Toronto, Ontario M5W 2X6 Tel: (416) 862-3931 Fax: (416) 863-7425
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