CALGARY, March 20, 2013 /CNW/ - (TSX - ARX) ARC Resources Ltd. ("ARC") announced a correction to the ex-dividend
date for the April 15, 2013 dividend payment. The ex-dividend date will
be March 26, 2013, rather than the previously announced ex-dividend
date of March 27, 2013 due to the statutory holiday on March 29, 2013.
The record date is March 29, 2013.
ARC Resources Ltd. previously confirmed a dividend of $0.10 per share
designated as an eligible dividend will be paid on April 15, 2013 to
shareholders of record on March 29, 2013. As at March 20, 2013, the
trailing twelve-month payments to investors, including the March 15,
2013 payment, total $1.20 per share.
Canadian holders of ARC common shares may choose to have their dividends
reinvested in additional common shares and make optional cash purchases
at a five per cent discount to the prevailing market price as defined
under the company's Dividend Reinvestment and Optional Common Share
Purchase Plan ("DRIP"). Information on the DRIP and the enrollment form
can be found on the company's website at www.arcresources.com or by contacting your financial institution or investment advisor. The
availability of the DRIP and its terms and conditions are subject to
the discretion of ARC's management and the Board of Directors.
ARC is one of Canada's largest conventional oil and gas companies with
an enterprise value of approximately $9.2 billion. ARC's common shares
trade on the TSX under the symbol ARX.
ADVISORY - In the interests of providing ARC shareholders and potential
investors with information regarding ARC, including management's
assessment of ARC's future plans and operations, certain information
contained in this document are forward-looking statements within the
meaning of the "safe harbour" provisions of the United States Private
Securities Litigation Reform Act of 1995 and applicable Canadian
securities laws. Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous
assumptions, known and unknown risks and uncertainties, both general
and specific, that contribute to the possibility that the predictions,
forecasts, projections and other forward-looking statements will not
occur, including those risks and uncertainties contained in ARC
Resources Ltd.'s Annual Information Form filed at www.sedar.com, which may cause ARC's actual performance and financial results in
future periods to differ materially from any estimates or projections
of future performance or results expressed or implied by such
ARC RESOURCES LTD.
Myron M. Stadnyk
President and Chief Executive Officer
SOURCE: ARC Resources Ltd.
For further information:
about ARC Resources Ltd., please visit our website
Investor Relations, E-mail: firstname.lastname@example.org
Telephone: (403) 503-8600
Fax: (403) 509-6427
Toll Free 1-888-272-4900
ARC Resources Ltd.
Suite 1200, 308 - 4th Avenue S.W.
Calgary, AB T2P 0H7