Veresen Announces Preferred Share Dividend for June 30, 2012
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CALGARY, June 6, 2012 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) today announced that its Board of Directors has declared the initial quarterly cash dividend on its Cumulative Redeemable Preferred Shares, Series A ("Preferred Shares") for the period ended June 30, 2012 of $0.4117 per Preferred Share. The initial quarterly cash dividend is in respect of the period from February 14, 2012, the date of the issuance of the Preferred Shares, to June 30, 2012. The dividend will be paid on June 30, 2012 to shareholders of record at the close of business on June 15, 2012. This dividend is 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 gas gathering and processing complex, and other natural gas and NGL processing energy infrastructure; and a power business with renewable and gas-fired facilities and development projects in Canada and the United States, and district energy systems in Ontario and Prince Edward Island. Veresen and each of its pipeline, midstream and power businesses are also actively developing a number of greenfield projects. In the normal course of its business, Veresen and each of its businesses regularly evaluate and pursue acquisition and development opportunities.
Veresen's common shares, Series A 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" and VSN.DB.C", respectively. For further information, please visit www.vereseninc.com.
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For further information:
Dorreen Miller, Director Investor Relations
Phone: (403) 213-3633