/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES
OR FOR DISSEMINATION IN THE UNITED STATES./
CALGARY, Nov. 21, 2011 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN)
announced today that its Board of Directors has declared a cash
dividend for November 2011 of $0.0833 per share. The dividend will be
paid on December 23, 2011 to shareholders of record at the close of
business on November 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. 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 November
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 Wednesday, November 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
November 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 natural gas liquids extraction facility near
Chicago and other 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
™ denotes trademark of Canaccord Genuity Corp.
SOURCE Veresen Inc.
For further information:
| Stephen H. White |
President and C.E.O.
| Richard Weech |
Senior Vice President, Finance and C.F.O.
| Phone: (403) 296-0140 |