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10:03:57 EST Sat 20 Dec 2014
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Enerplus Corp
Symbol C : ERF
Shares Issued 198,420,824
Close 2013-01-24 C$ 13.50
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Enerplus to pay nine-cent dividend Feb. 20

2013-01-25 07:37 ET - News Release

Mr. Gordon Kerr reports

ENERPLUS ANNOUNCES CASH DIVIDEND FOR FEBRUARY 2013

Enerplus Corp. has declared a cash dividend in the amount of nine cents per share to be payable on Feb. 20, 2013, to all shareholders of record at the close of business on Feb. 5, 2013. The ex dividend date for this payment is Feb. 1, 2013.

The nine-cent-per-share dividend is equivalent to approximately nine U.S. cents per share if converted using the current Canadian/United States dollar exchange rate of 0.9974. The U.S. dollar equivalent dividend will be based upon the actual Canadian/U.S. 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's dividends are considered qualified dividends.

Shareholders are reminded that the 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-per-cent 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.
  • There are no commissions or fees.
  • There is optional participation in the SDP, allowing the company's shareholders to continue to receive cash dividends unless they elect to receive stock dividends.

Shareholders are encouraged to visit the company's website for further details.

We seek Safe Harbor.

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