Enerplus Announces Cash Dividend for June 2012
29 May 2012 - 8:00PM
PR Newswire (Canada)
CALGARY, May 29, 2012 /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 June 20, 2012 to all shareholders of
record at the close of business on June 8, 2012. The ex-dividend
date for this payment is June 6, 2012. The CDN$0.18 per share
dividend is equivalent to approximately US$0.18 per share if
converted using a Canadian per US dollar exchange rate of 0.9765.
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 us is considered an "eligible dividend" for
Canadian tax purposes. For U.S. income tax purposes, dividends are
considered "qualified dividends". On May 11, 2012 Enerplus
shareholders approved the implementation of a Stock Dividend
Program ("SDP") for investors effective June 1, 2012. The SDP
is now available to all shareholders of Enerplus, and replaces the
Dividend Reinvestment Plan ("DRIP") which was only available to
Canadian resident shareholders. Effective on May 25, 2012,
the DRIP plan was terminated. In order to participate in the new
SDP and receive stock dividends relating to the June 20 dividend
payment date, shareholders must contact their broker or financial
intermediary on or prior to June 4, 2012. If you are a
registered owner, click here to complete the enrollment form:
https://www.enerplus.com/files/pdf/investor-relations/Enerplus_Stock%20Dividend_Form_E05.pdf.
For more information on the benefits of the SDP please visit our
website at:
http://www.enerplus.com/investor/dividends/stockdividendprogram.cfm.
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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