Utility Corp. Declares Monthly Dividend and Special Dividend

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.

Investor Relations
Utility Corp.
[phone]
E-mail: [email protected]
Web site: www.scotiamanagedcompanies.com