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 forward-looking statements.
ARC RESOURCES LTD.
Myron M. Stadnyk
President and Chief Executive Officer
SOURCE: ARC Resources Ltd.
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