/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
CALGARY, May 22, 2013 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) today
announced that its Board of Directors has declared a cash dividend for
May 2013 of $0.0833 per common share. The dividend will be paid on June
21, 2013 to shareholders of record at the close of business on May 31,
2013. 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 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. No
portion of this dividend will be eligible for a premium cash payment
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 May 2013
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, May 24, 2013. 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 April
2013 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.
Preferred Share Dividend
Veresen's Board of Directors also declared the regular quarterly cash
dividend of $0.275 per share for the period ended June 30, 2013 on its
Cumulative Redeemable Preferred Shares, Series A. The dividend will be
paid on June 30, 2013 to shareholders of record at the close of
business on June 14, 2013. 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
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