UTC.C - <span class="simulate_din_font">Utility Corp. Declares Monthly Dividend and Special Dividend</span> (CAD 0.04)

Company: Utility Corp Cl C
Stock Name: UTC.C
Amount: CAD 0.04
Announcement Date: 03/05/2012
Record Date: 11/05/2012

Dividend Detail:

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TORONTO, May 3, 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 and a special dividend of $0.04
per Class C Share payable in cash on May 18, 2012 to holders of record
at the close of business on May 15, 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.

For further information:

Investor Relations
Utility Corp.
(416) 863-7893
E-mail:��mc.utility@scotiabank.com
Web site:��www.scotiamanagedcompanies.com