/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES/
CALGARY, Oct. 22, 2014 /CNW/ - Veresen Inc. ("Veresen") (TSX: VSN) today
announced that its Board of Directors has declared a cash dividend for
October 2014 of $0.0833 per common share. The dividend will be paid on
November 21, 2014 to shareholders of record at the close of business on
October 31, 2014. 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, or such 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 October
2014 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 October 24, 2014. 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.
Beneficial shareholders of Veresen who have not previously enrolled in
the Plan and wish to participate in the Plan with respect to the
October 2014 cash dividend and future cash dividends declared by
Veresen, should contact their broker, investment dealer, financial
institution or other nominee to provide appropriate enrollment
instructions and to ensure any deadlines or other requirements that
such nominee may impose or be subject to are met.
About Veresen Inc.
Veresen is a publicly-traded dividend paying corporation based in
Calgary, Alberta, that owns and operates energy infrastructure assets
across North America. Veresen is engaged in three principal businesses:
a pipeline transportation business comprised of interests in two
pipeline systems, the Alliance Pipeline and the Alberta Ethane
Gathering System; a midstream business which includes ownership
interests in a world-class natural gas liquids extraction facility near
Chicago, the Hythe/Steeprock complex, and other natural gas and NGL
processing energy infrastructure; and a power business with a portfolio
of assets in Canada and the United States. Veresen is also actively
developing a number of greenfield projects, including the Jordan Cove
LNG terminal, a six million tonne per annum natural gas liquefaction
facility proposed to be constructed in Coos Bay, Oregon, and the
Pacific Connector Gas Pipeline, a 234-mile natural gas transmission
system proposed to originate in Malin, Oregon and terminate at the
Jordan Cove LNG terminal. In the normal course of its business, Veresen
regularly evaluates and pursues acquisition and development
opportunities. On September 22, 2014, Veresen announced it has entered
into an agreement to acquire a 50% convertible preferred interest in
the Ruby pipeline system in the U.S., which is expected to close prior
to year end.
™ denotes trademark of Canaccord Genuity Corp.
Veresen's common shares, Series A preferred shares and Series C
preferred shares are listed on the Toronto Stock Exchange under the
symbols "VSN", "VSN.PR.A" and "VSN.PR.C", respectively. For further
information, please visit www.vereseninc.com.
SOURCE Veresen Inc.
<p> <br/> Dorreen Miller <br/> Director, Investor Relations <br/> Phone: (403) 213-3633 <br/> Email: <a href="mailto:investor-relations@vereseninc.com">investor-relations@vereseninc.com</a> </p>