Enerplus Announces Cash Dividend for March 2012
February 28 2012 - 5:00AM
PR Newswire (Canada)
CALGARY, Feb. 28, 2012 /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 March 20, 2012 to all shareholders of
record at the close of business on March 9, 2012. The ex-dividend
date for this payment is March 7, 2012. The CDN$0.18 per share
dividend is equivalent to approximately US$0.18 per share if
converted using a Canadian/US dollar exchange rate of 0.998. 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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