NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
CALGARY, Feb. 17, 2012 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) today announced that its Board of
Directors has declared a cash dividend for February 2012 of $0.0833 per
share. The dividend will be paid on March 23, 2012 to shareholders of
record at the close of business on February 29, 2012. This dividend is
designated an "eligible dividend" for Canadian income tax purposes.
The dividend is eligible to be reinvested by shareholders, at a 5%
discount, in common shares of Veresen ("Common Shares") under the
dividend reinvestment component of the Premium Dividend™ and Dividend
Reinvestment Plan of Veresen Inc. ("Plan") to be held for their account
under the Plan, or such shareholders may have these additional Common
Shares delivered to a designated plan broker in exchange for a premium
cash payment equal to 102% of the reinvested amount under the Premium
Dividend™ component of the Plan.
Registered shareholders of Veresen who have not previously enrolled in
the Plan and wish to enroll in the Plan with respect to the February
2012 cash dividend and future cash dividends declared by Veresen, must
deliver to Computershare Trust Company of Canada, as Plan Agent, a
completed enrollment form which is available at www.computershare.com/investorcentrecanada, at or before 5:00 pm (ET) on Tuesday, February 21, 2012. A copy of
the enrollment form may also be obtained by calling Computershare Trust
Company of Canada at 1-800-564-6253, or from Veresen's website at www.vereseninc.com.
Beneficial shareholders of Veresen who have not previously enrolled in
the Plan and wish to participate in the Plan with respect to the
February 2012 cash dividend and future cash dividends declared by
Veresen, should contact their broker, investment dealer, financial
institution or other nominee to provide appropriate enrollment
instructions and to ensure any deadlines or other requirements that
such nominee may impose or be subject to are met.
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
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
™ denotes trademark of Canaccord Genuity Corp.
SOURCE Veresen Inc.
For further information:
Dorreen Miller, Director Investor Relations
Phone: (403) 213-3633