Veresen Announces Quarterly Dividends on its Preferred Shares
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CALGARY, Sept. 3, 2014 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) today announced that its Board of Directors has declared the regular quarterly cash dividend of $0.275 per share and $0.3125 per share for the period ended September 30, 2014 on its Cumulative Redeemable Preferred Shares, Series A and Series C, respectively. These dividends will be paid on September 30, 2014 to shareholders of record at the close of business on September 15, 2014. These dividends are designated an "eligible dividend" for Canadian income tax purposes.
About Veresen Inc.
Veresen is a publicly-traded dividend paying corporation based in Calgary, Alberta, that owns and operates energy infrastructure assets across North America. Veresen is engaged in three principal businesses: a pipeline transportation business comprised of interests in two pipeline systems, the Alliance Pipeline and the Alberta Ethane Gathering System; a midstream business which includes ownership interests in a world-class natural gas liquids extraction facility near Chicago, the Hythe/Steeprock complex, and other natural gas and NGL processing energy infrastructure; and a power business with a portfolio of assets in Canada and the United States. Veresen is also actively developing a number of greenfield projects and, in the normal course of its business, regularly evaluates and pursues acquisition and development opportunities.
Veresen's common shares, Series A preferred shares, Series C preferred shares, and 5.75% convertible unsecured subordinated debentures, Series C due July 31, 2017 are listed on the Toronto Stock Exchange under the symbols "VSN", "VSN.PR.A" , "VSN.PR.C", and VSN.DB.C", respectively. For further information, please visit www.vereseninc.com.
SOURCE Veresen Inc.For further information: Dorreen Miller, Director, Investor Relations, Phone: (403) 213-3633, Email: firstname.lastname@example.org