TORONTO, Aug. 31, 2018 /CNW/ - Enercare Inc. ("Enercare") (TSX: ECI) today announced that, in connection with its anticipated acquisition by Brookfield Infrastructure through plan of arrangement, it will be terminating its Dividend Reinvestment Plan (the "DRIP") effective September 5, 2018. Enercare Inc.'s previously announced cash dividend of $0.0832 per common share payable on August 31, 2018 to shareholders of record as of August 15, 2018 will continue to be eligible for DRIP participation by shareholders enrolled in the DRIP as of such record date.
Enercare is headquartered in Markham, Ontario, Canada and is publicly traded on the Toronto Stock Exchange (TSX: ECI). As one of North America's largest home and commercial services and energy solutions companies with approximately 5,100 employees under its Enercare and Service Experts brands, Enercare is a leading provider of water heaters, water treatment, furnaces, air conditioners and other HVAC rental products, plumbing services, protection plans and related services. With operations in Canada and the United States, Enercare serves approximately 1.6 million customers annually. Enercare is also the largest non-utility sub-meter provider, with electricity, water, thermal and gas metering contracts for condominium and apartment suites in Canada and through its Triacta brand, a premier designer and manufacturer of advanced sub-meters and sub-metering solutions.