CALGARY, AB, Sept. 3, 2026 /CNW/ -- Rockpoint Gas Storage Inc. ("Rockpoint" or the "Company") (TSX: RGSI) today announced the implementation of a dividend reinvestment and share purchase plan (the "Plan") for eligible holders ("Shareholders") of its Class A common shares ("Class A Shares").
The Plan provides eligible holders of Class A Shares with the opportunity to automatically reinvest all or a portion of the cash dividends paid on their Class A Shares into additional Class A Shares. Further, the Plan also provides participants with the ability to make optional cash purchases of additional Class A Shares, subject to the terms of the Plan.
Under the Plan, Class A Shares acquired on behalf of participants will be purchased through market purchases on the Canadian open market. The purchase price of Class A Shares acquired under the Plan will be the average cost per share incurred by the Plan agent for all Class A Shares purchased in respect of the applicable dividend payment date. The Class A Shares acquired under the Plan will not be issued from treasury and no discount will be applied.
Participation in the Plan is optional. Shareholders who do not elect to participate in the Plan will continue to receive their cash dividends in the usual manner.
To participate in the Plan, enrollment instructions must be received by the Plan administrator no later than 4:00 PM (Toronto time) on the fifth business day prior to the applicable dividend record date. Enrollment requests received after that time will be processed for the next applicable dividend payment date. Eligible shareholders may enroll in the Plan as early as the upcoming quarterly dividend payable on September 30, 2026, to shareholders of record on September 15, 2026. Once an eligible shareholder has enrolled in the Plan, participation continues automatically until the shareholder changes its election or their participation is terminated in accordance with the Plan.
Participation in the Plan is available to shareholders resident in Canada. Shareholders resident outside Canada (other than the United States) may also be eligible to participate, provided participation is permitted under the laws of their jurisdiction. Shareholders residing outside Canada should consult their legal and tax advisors regarding their eligibility to participate. Non-resident participants may remain subject to applicable Canadian withholding taxes on dividends reinvested under the Plan. The Plan is not currently available to residents of the United States or U.S. persons, as defined under applicable U.S. securities laws.
Computershare Trust Company of Canada has been appointed as the Plan agent to administrator the Plan. Eligible registered shareholders may enroll online or obtain a copy of the Plan enrollment form by visiting the Plan agent's online self-service portal. Beneficial shareholders who hold their Class A Shares through a broker, financial institution, or other intermediary should contact their intermediary directly regarding participation in the Plan.
Additional information regarding the Plan is available on Rockpoint's website at www.rockpointgs.com/Home/InvestorRelationsDRSPP.
About Rockpoint Gas Storage
Rockpoint Gas Storage is the largest independent pure play operator of natural gas storage facilities in North America. Rockpoint Gas Storage owns and operates six strategically located natural gas storage facilities with a combined effective working gas storage capacity of approximately 280 Bcf that is critical for ensuring the reliable and stable supply of natural gas in its service areas. The Company believes that the assets are uniquely positioned to capture the benefits associated with growing natural gas demand, particularly from LNG, gas-fired power generation to support data center growth, oil sands and electrification broadly. Rockpoint Gas Storage's business strategy is to optimize its storage platform to capitalize on these demand trends and offer its customers unique and highly customizable natural gas storage solutions which are critical to their operations.
Proudly headquartered in Calgary, Alberta, Rockpoint Gas Storage's asset portfolio has a 38-year operating history and is managed by an industry leading and highly experienced management team.
Additional Information
For further information about Rockpoint Gas Storage Inc., please visit www.rockpointgs.com or contact:
Rahul Pandey, Manager, Investor Relations
Email: investor.relations@rockpointgs.com
Telephone: 1-403-513-8600
Forward-Looking Information
This press release contains "forward-looking information" within the meaning of applicable securities laws ("forward-looking information"). Forward-looking information includes statements regarding possible events, conditions, performance or results that are based on Rockpoint's current expectations, estimates and assumptions regarding future events or circumstances. Forward-looking information is often identified by words such as "may", "will", "could", "expects", "plans", "intends", "anticipates", "believes", "estimates", "potential" or similar expressions suggesting future events or circumstances. In particular, forward-looking information in this press release includes, among other things, information relating to Plan, including the terms and features thereof. Forward-looking information is based on various factors and assumptions made by the Company as which Rockpoint believes are reasonable as of the date hereof based on information currently available. However, no assurance can be provided that such factors and assumptions will prove to be correct and forward-looking information should not be unduly relied upon or read as a guarantee of future events, conditions, performance or results. Forward-looking information involves a number of known and unknown risks, uncertainties and other factors, many of which are beyond Rockpoint's control, that may cause actual events, conditions, performance or results to differ materially from that expressed or implied by such forward-looking information. Such assumptions, risks, uncertainties and other factors include those described from time to time in Rockpoint's public disclosure documents available on the Company's SEDAR+ profile at www.sedarplus.ca, including those discussed under the heading "Risk Factors" in the annual information form of the Company dated May 28, 2026.
The forward-looking information contained in this press release represents the Company's expectations as of the date hereof and, except as required by applicable securities laws, Rockpoint undertakes no obligation to publicly update or revise any forward-looking information, whether as a result of new information, future events or otherwise. All forward-looking information in this press release is expressly qualified in its entirety by this cautionary statement.
SOURCE Rockpoint Gas Storage Inc.
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