Veresen Inc. has announced that its Board of Directors has declared a cash dividend for March 2016 of US$0.0833 per common share. The dividend will be paid on 22 April 2016 to shareholders of record at the close of business on 31 March 2016. This dividend is designated an "eligible dividend" for Canadian income tax purposes.
The dividend is eligible to be reinvested by shareholders, at a 5% discount, in common shares of Veresen under the dividend reinvestment component of the Premium Dividend™ and Dividend Reinvestment Plan of Veresen to be held for their account under the Plan. Shareholders may have these additional Common Shares delivered to a designated plan broker in exchange for a premium cash payment equal to 102% of the reinvested amount under the Premium Dividend™ component of the Plan.
Registered shareholders of Veresen who have not previously enrolled in the Plan and wish to enrol in the Plan with respect to the March 2016 cash dividend and future cash dividends declared by Veresen, must deliver to Computershare Trust Company of Canada, as Plan Agent, a completed enrollment form which is available at www.computershare.com/investorcentrecanada, at or before 5:00 pm (ET) on 24 March 2016.
Additionally, beneficial shareholders of Veresen, who have not previously enrolled in the Plan and wish to participate in the Plan with respect to the March 2016 cash dividend and future cash dividends declared by Veresen, should contact their broker, investment dealer, financial institution or other nominee to provide appropriate enrolment instructions.
Edited from press release by Angharad Lock
Read the article online at: https://www.worldpipelines.com/business-news/22032016/veresen-announces-march-2016-dividend-2827/