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Nortel Networks declares preferred share dividends.

Publication: M2 Presswire
Publication Date: 28-FEB-03
Format: Online - approximately 680 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-28 February 2003-NORTEL NETWORKS: Nortel Networks declares preferred share dividends(C)1994-2003 M2 COMMUNICATIONS LTD

RDATE:02272003

Toronto -- The board of directors of Nortel Networks* Limited declared a dividend on each of the outstanding Cumulative Redeemable Class A Preferred Shares Series 5 [TSX: NTL.PR.F] and the outstanding Non-cumulative Redeemable Class A Preferred Shares Series 7 [TSX: NTL.PR.G], the amount of which for each series will be calculated by multiplying (a) the average prime rate of Royal Bank of Canada and Toronto-Dominion Bank during March 2003 by (b) the applicable percentage for the dividend payable for such series for February 2003 as adjusted...

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