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NEWFOUNDLAND CAPITAL CORPORATION LIMITED ANNOUNCES DECLARATION OF DIVIDEND

CNW

 

The Board of Directors of Newfoundland Capital Corporation Limited is pleased to announce that it has declared a dividend of 15 cents per share on each of its Class A Subordinate Voting (NCC.A) and Class B Common (NCC.B) shares.  The dividend is payable on January 31, 2007 to shareholders of record at the close of business on December 29, 2006.

 

There are 9,940,251 Class A Subordinate Voting shares and 1,258,268 Class B Common shares outstanding.

 

About Newfoundland Capital Corporation Limited

 

Newfoundland Capital Corporation Limited (TSX: NCC.A, NCC.B) is one of Canada's leading small and medium market radio broadcasters with 75  licences across Canada.  The Company reaches millions of listeners each week through a variety of formats and is a recognized industry leader in radio programming, sales and networking.

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