CALGARY, May 29, 2012 /CNW/ - Enerplus Corporation
("Enerplus") (TSX: ERF) (NYSE: ERF) is pleased to announce that a
cash dividend in the amount of CDN$0.18 per share will be payable on
June 20, 2012 to all shareholders of
record at the close of business on June 8,
2012. The ex-dividend date for this payment is June 6, 2012.
The CDN$0.18 per share dividend is
equivalent to approximately US$0.18
per share if converted using a Canadian per US dollar exchange rate
of 0.9765. 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 us is considered an "eligible dividend" for
Canadian tax purposes. For U.S. income tax purposes, dividends are
considered "qualified dividends".
On May 11, 2012 Enerplus
shareholders approved the implementation of a Stock Dividend
Program ("SDP") for investors effective June
1, 2012. The SDP is now available to all shareholders
of Enerplus, and replaces the Dividend Reinvestment Plan ("DRIP")
which was only available to Canadian resident shareholders.
Effective on May 25, 2012, the DRIP
plan was terminated. In order to participate in the new SDP and
receive stock dividends relating to the June
20 dividend payment date, shareholders must contact their
broker or financial intermediary on or prior to June 4, 2012. If you are a registered
owner, click here to complete the enrollment form:
https://www.enerplus.com/files/pdf/investor-relations/Enerplus_Stock%20Dividend_Form_E05.pdf.
For more information on the benefits of the SDP please visit our
website at:
http://www.enerplus.com/investor/dividends/stockdividendprogram.cfm.
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.
SOURCE Enerplus Corporation