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CALGARY, Sept. 21, 2011 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN)
announced today that its Board of Directors has declared a cash
dividend for September 2011 of $0.0833 per share. The dividend will be
paid on October 21, 2011 to shareholders of record at the close of
business on September 30, 2011. 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 September
2011 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 Friday, September 23, 2011. 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 August
2011 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.
Veresen is a publicly traded dividend paying corporation based in
Calgary, Alberta, that owns and operates energy infrastructure assets
across North America. Its common 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" and
"VSN.DB.C", respectively. 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 extraction facility near Chicago and other
gas 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
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SOURCE Veresen Inc.
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