Enerplus Announces Cash Dividend for July 2012
28 June 2012 - 8:00PM
PR Newswire (Canada)
CALGARY, June 28, 2012 /CNW/ - Enerplus Corporation ("Enerplus")
announces that a cash dividend in the amount of CDN$0.09 per share
will be payable on July 20, 2012 to all shareholders of record at
the close of business on July 10, 2012. The ex-dividend date for
this payment is July 6, 2012. The CDN$0.09 per share dividend is
equivalent to approximately US$0.087 per share if converted using a
Canadian/US dollar exchange rate of 0.9749. 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". Shareholders are reminded that a
new Stock Dividend Program ("SDP") is available to all
shareholders. The benefits of the SDP include: --
Shareholders can elect to receive dividends paid in Enerplus shares
at a 5% discount to an average market price; -- The SDP has certain
attributes that make it more attractive than a traditional DRIP to
most shareholders who hold their Enerplus shares in taxable
accounts; -- No commissions or fees; and -- Optional participation
in the SDP, allowing our shareholders to continue to receive cash
dividends unless they elect to receive stock dividends.
Shareholders are encouraged to visit our website at
www.enerplus.com for further details. 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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