NEWS RELEASE
May 7, 2009
UNION GAS DECLARES DIVIDENDS
TORONTO, Ontario – On May 7, 2009, Union Gas Limited (“Union Gas”) declared the following quarterly dividends:
-
5½%
Cumulative Redeemable Class A Preference Shares, Series A:
A quarterly dividend of 68 cents per share payable on June 30, 2009 to shareholders of record at the close of business on June 5, 2009. -
6%
Cumulative Redeemable Class A Preference Shares, Series B:
A quarterly dividend of 75 cents per share payable on June 30, 2009 to shareholders of record at the close of business on June 5, 2009. -
5%
Cumulative Redeemable Class A Preference Shares, Series C:
A quarterly dividend of 62.5 cents per share payable on June 30, 2009 to shareholders of record at the close of business on June 5, 2009.
All dividends paid or deemed paid for Canadian federal, provincial or territorial income tax purposes by Union Gas including the dividends above are designated eligible dividends pursuant to Subsection 89(14) of the Income Tax Act (Canada) or similar provincial or territorial legislation. This designation will apply to all such dividends paid or deemed paid in the future unless otherwise notified by Union Gas. An eligible dividend received by a Canadian resident individual shareholder is entitled to the enhanced dividend tax credit.
Union Gas is an indirect subsidiary of Spectra Energy Corp.
Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North America’s premier natural gas infrastructure companies serving three key links in the natural gas value chain: gathering and processing, transmission and storage, and distribution. For nearly a century, Spectra Energy and its predecessor companies have developed critically important pipelines and related infrastructure connecting natural gas supply sources to premium markets. Based in Houston, Texas, the company operates in the United States and Canada approximately 18,000 miles of transmission pipeline, 265 billion cubic feet of storage, natural gas gathering and processing, natural gas liquids operations and local distribution assets. Spectra Energy Corp also has a 50 percent ownership in DCP Midstream, the largest natural gas gatherer and processor in the United States. For more information, visit www.spectraenergy.com.
CONTACT:
Andrea Stass
Manager, Public Affairs and Media Relations
Ph: 1-800-571-8446 ext. 5490
Cell: 519 365-1010
Fax: 519 436-4621
E-mail: astass@uniongas.com