Genworth MI Canada Inc. Announces 10% Dividend Increase In the Fourth Quarter 2012

TORONTO, Oct. 30, 2012 /CNW/ - The Board of Directors of Genworth MI Canada Inc. (the "Company") (TSX: MIC) today announced that it has authorized and declared a dividend of $0.32 per common share from the prior quarter dividend of $0.29 per common share for the fourth quarter of 2012.  This dividend represents a $0.03 increase per common share and will be paid on November 30, 2012, to shareholders of record at the close of business on November 15, 2012.

Genworth MI Canada Inc. designates any and all dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid as "eligible dividends", unless indicated otherwise in respect of dividends paid subsequent to this notification, and hereby notifies all recipients of such dividends of this designation.

About Genworth MI Canada Inc.

Genworth MI Canada Inc. (TSX: MIC), through its subsidiary, Genworth Financial Mortgage Insurance Company Canada, has been the leading Canadian private residential mortgage insurer since 1995.  Known as Genworth Canada, it provides default mortgage insurance to Canadian residential mortgage lenders that enables low down payment borrowers to own a home more affordably and stay in their homes during difficult financial times.  Genworth Canada combines technological and service excellence with risk management expertise to deliver innovation to the mortgage marketplace.  As of September 30, 2012, Genworth Canada had $5.6 billion total assets and $2.9 billion shareholders' equity.  Based in Oakville, Ontario, Genworth Canada employs approximately 260 people across Canada. Find out more at www.genworth.ca.

SOURCE: Genworth MI Canada