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
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.