Union Gas Declares Dividends
CHATHAM, ON – On February 18, 2016,
Union Gas Limited declared the following quarterly dividends:
- 5½% Cumulative Redeemable Class A Preference Shares, Series A: A quarterly dividend of 68 cents per share payable on March 31, 2016 to shareholders of record at the close of business on March 11, 2016.
- 6% Cumulative Redeemable Class A Preference Shares, Series B: A quarterly dividend of 75 cents per share payable on March 31, 2016 to shareholders of record at the close of business on March 11, 2016.
- 5% Cumulative Redeemable Class A Preference Shares, Series C: A quarterly dividend of 62.5 cents per share payable on March 31, 2016 to shareholders of record at the close of business on March 11, 2016.
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 within the meaning
of 89 (1) 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 storage
and transmission business offers a variety of storage and transportation
services to customers at the Dawn Hub, the fastest growing liquid market hub in
North America with the largest underground storage facility in Canada and one
of the largest in North America. The Dawn Hub 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. One of Canada's Top
100 Employers for 2016, Union Gas is a Spectra Energy (NYSE: SE) company with
assets of $7 billion and approximately 2,300 employees. For more information,
visit uniongas.com or follow us on twitter.com/uniongas, facebook.com/uniongas
About Spectra Energy
Spectra Energy Corp (NYSE:
SE), a FORTUNE 500 company, is one of North America's leading pipeline and
midstream companies. Based in Houston, Texas, the company’s operations in the
United States and Canada include more than 21,000 miles of natural gas, natural
gas liquids, and crude oil pipelines; approximately 300 billion cubic feet
(Bcf) of natural gas storage; 4.8 million barrels of crude oil storage; as well
as natural gas gathering, processing, and local distribution operations.
Spectra Energy is the general partner of Spectra Energy Partners (NYSE: SEP),
one of the largest pipeline master limited partnerships in the United States
and owner of the natural gas, natural gas liquids, and crude oil assets in
Spectra Energy’s U.S. portfolio. Spectra Energy also has a 50 percent ownership
in DCP Midstream, the largest producer of natural gas liquids and the largest
natural gas processor in the United States. Spectra Energy has served North
American customers and communities for more than a century. For more
information, visit www.spectraenergy.com and www.spectraenergypartners.com.
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