Enerplus Announces Cash Dividend for November 2011
October 31 2011 - 5:00AM
PR Newswire (Canada)
CALGARY, Oct. 31, 2011 /CNW/ - Enerplus Corporation ("Enerplus") is
pleased to announce that a cash dividend in the amount of CDN$0.18
per share will be payable on November 21, 2011 to all shareholders
of record at the close of business on November 10, 2011. The
ex-dividend date for this payment is November 8, 2011. The CDN$0.18
per share dividend is equivalent to approximately US$0.181 per
share if converted using a Canadian/US dollar exchange rate of
0.9942. The U.S. dollar equivalent dividend will be based upon the
actual Canadian/US 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' dividends are considered "qualified dividends".
Gordon J. Kerr President & Chief Executive Officer Enerplus
Corporation Except for the historical and present factual
information contained herein, the matters set forth in this news
release, including words such as "expects", "projects", "plans" and
similar expressions, are forward-looking information that
represents management of Enerplus' internal projections,
expectations or beliefs concerning, among other things, future
operating results and various components thereof or the economic
performance of Enerplus. The projections, estimates and beliefs
contained in such forward-looking statements necessarily involve
known and unknown risks and uncertainties, which may cause
Enerplus' actual performance and financial results in future
periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, among other
things, those described in Enerplus' filings with the Canadian and
U.S. securities authorities. Accordingly, holders of Enerplus
shares and potential investors are cautioned that events or
circumstances could cause results to differ materially from those
predicted. Enerplus Corporation CONTACT: please call 1-800-319-6462
or e-mailinvestorrelations@enerplus.com.
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