Enerplus Announces Cash Dividend for October 2011
29 September 2011 - 8:00PM
PR Newswire (Canada)
CALGARY, Sept. 29, 2011 /CNW/ - Enerplus Corporation ("Enerplus")
is pleased to announce that a cash dividend in the amount of
CDN$0.18 per share will be payable on October 20, 2011 to all
shareholders of record at the close of business on October 11,
2011. The ex-dividend date for this payment is October 6, 2011. The
CDN$0.18 per share dividend is equivalent to approximately US$0.176
per share if converted using a Canadian/US dollar exchange rate of
1.0225. The U.S. dollar equivalent dividend will be based upon the
actual Canadian/US exchange rate applied on the payment date and
will be net of any Canadian withholding taxes that may be
applicable. The dividend paid by Enerplus is considered an
"eligible dividend" for Canadian tax purposes. For U.S. income tax
purposes, Enerplus' dividends are considered "qualified dividends".
Gordon J. Kerr President & Chief Executive Officer Enerplus
Corporation Except for the historical and present factual
information contained herein, the matters set forth in this news
release, including words such as "expects", "projects", "plans" and
similar expressions, are forward-looking information that
represents management of Enerplus' internal projections,
expectations or beliefs concerning, among other things, future
operating results and various components thereof or the economic
performance of Enerplus. The projections, estimates and beliefs
contained in such forward-looking statements necessarily involve
known and unknown risks and uncertainties, which may cause
Enerplus' actual performance and financial results in future
periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, among other
things, those described in Enerplus' filings with the Canadian and
U.S. securities authorities. Accordingly, holders of Enerplus
shares and potential investors are cautioned that events or
circumstances could cause results to differ materially from those
predicted. Enerplus Corporation CONTACT: please call 1-800-319-6462
or e-mailinvestorrelations@enerplus.com
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