Dividend Increase: Addenda Capital

Addenda Capital Inc (ADV) announced a dividend increase along with its financial results for the third quarter of 2006 yesterday.

For the three-month period ended September 30, 2006, Addenda reported revenues of $9.0 million, representing an increase of $0.3 million or 3.4% over the revenues for the same period in 2005, while EBITDA reached $6.4 million, representing an increase of $0.5 million or 8.0% compared to the three-month period ended September 30, 2005.

Based on actual financial performance, the Board of Directors of Addenda approved today a quarterly dividend of $0.32 per common share, an increase of $0.01 compared to the dividend of the previous quarter, payable on February 1, 2007, to shareholders of record on December 31, 2006.

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