 | Veresen Inc. - VSN.t is a leading diversified energy infrastructure company that owns and operates energy infrastructure assets across North America. A pipeline business is comprised of interests in two pipeline systems; the Alliance Pipeline and the Alberta Ethane Gathering System. Midstream business includes natural gas and NGLs processing energy infrastructure. The company also operates a power business with gas-fired and renewable facilities. |  |
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Veresen Inc. ("Veresen") (TSX:VSN) today announced that its Board of Directors has declared a cash dividend for March 2016 of $0.0833 per common share. The dividend will be paid on April 22, 2016 to shareholders of record at the close of business on March 31, 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 ("Common Shares") under the dividend reinvestment component of the Premium Dividend™ and Dividend Reinvestment Plan of Veresen ("Plan") 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 enroll 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 March 24, 2016. A copy of the enrollment form may also be obtained by calling Computershare Trust Company of Canada at 1-800-564-6253, or from Veresen's website at www.vereseninc.com.
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http://canadastockjournal.blogspot.com/2016/04/veresen-inc-vsnt.html
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