NEWS RELEASE
UNION GAS DECLARES DIVIDENDS
CHATHAM, ON – On February 17, 2012, Union Gas Limited declared the following quarterly dividends:
1. 5½% Cumulative Redeemable Class A Preference Shares, Series A: A quarterly dividend of 68 cents per share payable on March 31, 2012 to shareholders of record at the close of business on March 2, 2012.
2. 6% Cumulative Redeemable Class A Preference Shares, Series B: A quarterly dividend of 75 cents per share payable on March 31, 2012 to shareholders of record at the close of business on March 2,2012.
3. 5% Cumulative Redeemable Class A Preference Shares, Series C: A quarterly dividend of 62.5 cents per share payable on March 31, 2012to shareholders of record at the close of business on March 2, 2012.
All dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid on or after January 1, 2006 by Union Gas Limited including these dividends are designated eligible dividends pursuant to Subsection 89 (14) of the Income Tax Act (Canada) or similar provincial or territorial legislation. This designation continues to apply in the future unless otherwise notified by Union Gas Limited. An eligible dividend received by a Canadian resident individual shareholder is entitled to the enhanced dividend tax credit. Union Gas Limited is an indirect subsidiary of Spectra Energy Corp.
About Union Gas
Union
Gas Limited is a major Canadian natural gas storage, transmission and
distribution company based in Ontario with 100 years of experience and
service to customers. The distribution business serves about 1.4 million
residential, commercial and industrial customers in more than 400
communities across northern, southwestern and eastern Ontario. Union
Gas's growing storage and transmission business offers premium storage
and transportation services to customers at the Dawn Hub, the largest
underground storage facility in Canada and one of the largest in North
America. It offers customers an important link in the movement of
natural gas from Western Canadian and U.S. supply basins to markets in
central Canada and the northeast U.S. Union Gas, one of
Canada's Top 100 Employers for 2012,
is a Spectra Energy (NYSE: SE) company
with assets of $5.6 billion and approximately 2,200 employees. For more
information, visit uniongas.com.
CONTACTS:
Andrea Stass
Manager, External Communications and Media Relations, Union Gas Limited
Ph: 1-800-571-8446 ext. 5490
Cell: 519-365-1010
E-mail: astass@uniongas.com
