Energy East Declares Special Pro Rata Dividend
September 11 2008 - 5:03PM
PR Newswire (US)
PORTLAND, Maine, Sept. 11 /PRNewswire-FirstCall/ -- The Board of
Directors of Energy East Corporation (NYSE:EAS) today declared a
special pro rata dividend on the Common Stock of the Corporation
pursuant to the Agreement and Plan of Merger by and among Energy
East, Iberdrola, S.A. and Green Acquisition Capital, Inc. dated
June 25, 2007. Shareholders of record of Energy East's Common Stock
outstanding immediately prior to the effective time of the merger
will receive a dividend per share equal to the number of days from
and including July 24, 2008, (Energy East's prior ex-dividend date)
until and including the day prior to the effective date of the
merger multiplied by $0.003406593 (the daily equivalent of $0.31
per quarter). Payment of the dividend will be made as soon as
practicable following the effective time of the merger, which is
expected to close in the next several days. Forward Looking
Statement: This communication contains forward-looking information
and statements about Energy East. Forward-looking statements are
statements that are not historical facts. These statements may
include financial projections and estimates and their underlying
assumptions, statements regarding plans, objectives and
expectations with respect to future operations, products and
services, and statements regarding future performance.
Forward-looking statements are generally identified by the words
"expects," "anticipates," "believes," "intends," "estimates" and
similar expressions. Although the management of Energy East
Corporation believes that the expectations reflected in such
forward-looking statements are reasonable, investors and holders of
Energy East Corporation shares are cautioned that forward-looking
information and statements are subject to various risks and
uncertainties, many of which are difficult to predict and generally
beyond the control of Energy East Corporation, that could cause
actual results and developments to differ materially from those
expressed in, or implied or projected by, the forward-looking
information and statements. These risks and uncertainties include
those discussed or identified in the public documents sent by
Energy East to their regulators and under "Risk Factors" in their
annual and quarterly reports filed with the SEC. Except as required
by applicable law, Energy East undertakes no obligation to update
any forward-looking information or statements. About Energy East:
Energy East Corporation (NYSE:EAS) is a respected super-regional
energy services and delivery company serving about 3 million
customers throughout upstate New York and New England. By providing
outstanding customer service and meeting customers' energy
requirements in an environmentally-responsible manner, Energy East
will continue to be a valuable asset to the communities we serve.
Website: http://www.energyeast.com/ DATASOURCE: Energy East
Corporation CONTACT: Investor Relations, Energy East Corporation,
+1-207-688-4386 Web site: http://www.energyeast.com/
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