Canada Dividend Investor: January 2012

Tuesday, January 31, 2012

ALB - Allbanc Split Corp. II Declares Quarterly Dividends (CAD 0.2316)

Company: Allbanc Split Banc Corp Ii
Stock Name: ALB
Amount: CAD 0.2316
Announcement Date: 31/01/2012
Record Date: 22/02/2012

Dividend Detail:

TORONTO, Jan. 31, 2012 /CNW/ -The Board of Directors of Allbanc Split
Corp. II (the "Company") has declared today dividends of $0.2316 per
Preferred Share and $0.09 per Capital Share, payable on February 28,
2012 to holders of record at the close of business on February 24,
2012.

Holders of Preferred Shares are entitled to receive quarterly fixed
cumulative distributions equal to $0.2316 per Preferred Share. The
Company's Capital Share dividend policy is to pay a quarterly dividend
on the Capital Shares equal to the dividends received on the underlying
portfolio securities minus the dividends payable on the Preferred
Shares and all administrative and operating expenses provided the net
asset value per Unit at the time of declaration, after giving effect to
the dividend, would be greater than the original issue price of the
Preferred Shares.

Allbanc Split Corp. II is a mutual fund corporation created to hold a
portfolio of publicly listed common shares of selected Canadian
chartered banks. Capital Shares and Preferred Shares of Allbanc Split
Corp. II are listed for trading on The Toronto Stock Exchange under the
symbols ALB and ALB.PR.B respectively.

For further information:

Investor Relations
Allbanc Split Corp. II
Telephone: (416) 863-5930
E-mail:mc.allbanc2@scotiabank.com
Web site:www.scotiamanagedcompanies.com

IMO - Imperial Oil Limited - First quarter dividend declaration (CAD 0.12)

Company: Imperial Oil
Stock Name: IMO
Amount: CAD 0.12
Announcement Date: 31/01/2012
Record Date: 01/03/2012

Dividend Detail:

CALGARY, Jan. 31, 2012 /CNW/ - Imperial Oil Limited today declared a
quarterly dividend of 12 cents per share on the outstanding common
shares of the company, payable on April 1, 2012, to shareholders of
record at the close of business on March 5, 2012.

This first quarter 2012 dividend compares with the fourth quarter 2011
dividend of 11 cents per share.

Imperial has a long and successful history of growth and financial
stability in Canada as a leading member of the petroleum industry. The
company has paid dividends every year for over a century and has
increased its annual dividend payment for seventeen consecutive years.

For further information:

Investor relations
John Charlton
(403) 237-4537

Media relations
Pius Rolheiser
(403) 237-2710

Thursday, January 26, 2012

CMQ.UN - CANMARC Real Estate Investment Trust suspends operation of distribution reinvestment plan (CAD 0.0792)

Company: Canmarc Reit
Stock Name: CMQ.UN
Amount: CAD 0.0792
Announcement Date: 26/01/2012
Record Date: 27/01/2012

Dividend Detail:

MONTREAL, Jan. 26, 2012 /CNW Telbec/ - CANMARC Real Estate Investment
Trust ("CANMARC") (TSX: CMQ.UN) announced today that in light of the
entering into of the previously announced support agreement among
CANMARC and Cominar Real Estate Investment Trust, CANMARC will suspend,
effective immediately, the operation of its distribution reinvestment
plan (the "DRIP"). As a result, the previously declared distribution of
$0.07917 per unit of CANMARC for the month of January, 2012 which will
be paid on February15,2012 to unitholders of record as at January 31,
2012 will not be eligible for reinvestment pursuant to the DRIP.

About CANMARC Real Estate Investment Trust

CANMARC (www.canmarc.ca) is an unincorporated open-ended real estate investment trust
established pursuant to a declaration of trust under the laws of the
Province of Quebec. Managed internally, CANMARC owns a portfolio of
Canadian income-producing commercial properties, consisting of retail
and office properties with certain industrial properties. In total,
CANMARC properties comprise approximately 9.4 million square feet of
commercial gross leasable area and 464 multi-family residential units
located in Quebec, Atlantic Canada, Western Canada and Ontario.

For further information:

James W. Beckerleg President and Chief Executive Officer CANMARC Real Estate Investment Trust 514-931-2591		Mlanie Tardif, CMA NATIONAL Public Relations 514-843-2060

Gordon G. Lawlor, CA Executive Vice President, Chief Financial Officer and Secretary CANMARC Real Estate Investment Trust 514-931-2591

ACD - Accord Declares Regular Quarterly Dividend (CAD 0.075)

Company: Accord Financial
Stock Name: ACD
Amount: CAD 0.075
Announcement Date: 26/01/2012
Record Date: 13/02/2012

Dividend Detail:

TORONTO, Jan. 26, 2012 /CNW/ - Accord Financial Corp. (TSX - ACD), a
leading North American provider of factoring and other asset-based
financial services to businesses, today announced that its Board of
Directors has declared a quarterly dividend of $0.075 per share,
payable March 1, 2012, to shareholders of record at the close of
business February 15, 2012.

For further information:

Stuart Adair
Vice President, Chief Financial Officer
Accord Financial Corp.
77 Bloor Street West, 18^th Floor
Toronto, Ontario
M5S 1M2

(416) 961-0304 Ext. 207
sadair@accordfinancial.com

Wednesday, January 25, 2012

WFI - WaterFurnace Renewable Energy, Inc. Announces Regular Dividend & Fourth Quarter Webcast (US$0.24)

Company: Waterfurnace Renewable Energy Inc.
Stock Name: WFI
Amount: US$0.24
Announcement Date: 25/01/2012
Record Date: 17/02/2012

Dividend Detail:

(U.S.$)

FORT WAYNE, IN, Jan. 25, 2012 /CNW/ - WaterFurnace Renewable Energy,
Inc. (TSX: WFI) Timothy E. Shields, Chairman of the Board, announced
that the board has approved the regular quarterly dividend of $0.24
U.S. per share. The dividend will be paid March 1, 2012, to
shareholders of record at the market close of February 21, 2012.

The press release covering fourth quarter and year end results will be
filed after the close of business on Friday, March 9, 2012. The annual
report to shareholders will be available at that time at www.waterfurnace.com and filed on SEDAR at www.sedar.com. Management will conduct a webcast covering the results of the quarter
and year at 11:00 AM Eastern Standard Time on Monday, March 12, 2012.
Interested parties can listen live or to the recorded version at www.newswire.ca/en/search?Ntt=waterfurnace or at the Company's website: www.waterfurnace.com.

Forward-Looking Information Cautionary Notice

Certain statements in this release constitute forward-looking statements
within the meaning of applicable Canadian securities laws. Readers are
cautioned not to place undue reliance on such statements. Investors
should not rely solely on this information to make investment
decisions. These statements are subject to certain assumptions, risks
and uncertainties. In addition, WaterFurnace's sales are related to the
cost and stability of electricity, fuel oil, propane and natural gas.
Federal, state and provincial building codes and energy incentives can
also impact sales. WaterFurnace is subject to standard risks associated
with most companies, such as normal competitive pressures. These and
other risks could cause WaterFurnace's actual results, performance,
achievements and developments to differ materially from the results,
performance, achievements or developments expressed or implied by such
forward-looking statements. Other risk factors can be found in
WaterFurnace's Annual Information Form and other public documents filed
by WaterFurnace with Canadian securities regulatory authorities.
WaterFurnace assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise, except as expressly required by law.

More Information

WaterFurnace Renewable Energy, Inc. is traded in both Canadian dollars
and U.S. dollars on the Toronto Stock Exchange under the symbol WFI for
Canadian dollars and WFI.U for U.S. dollars.

WaterFurnace designs, manufactures and distributes geothermal heat
pumps. The geothermal units use the renewable solar energy stored just
below the surface of the earth to dramatically reduce the energy
consumed by buildings for heating, cooling and hot water.

Additional information about the Company and its products is available
on the Company's website: www.waterfurnace.com. Or call (260) 478-5667 and ask for investor relations.

For further information:

WaterFurnace Renewable Energy, Inc.
9000 Conservation Way
Fort Wayne, Indiana 46809-9794
(260) 478-5667

POT - PotashCorp Announces Doubling of Dividend (CAD 0.14)

Company: Potash Corp Of Sask Inc
Stock Name: POT
Amount: CAD 0.14
Announcement Date: 25/01/2012
Record Date: 10/04/2012

Dividend Detail:

Listed: TSX, NYSE

Symbol: POT

SASKATOON, Jan. 25, 2012 /CNW/ - Potash Corporation of Saskatchewan Inc.
(PotashCorp) announced today that its Board of Directors has approved
an increase of the company's quarterly cash dividend (from $0.07 per
share to $0.14 per share), and declared a quarterly cash dividend of US
$0.14 per common share payable May 3, 2012 to shareholders of record on
April 12, 2012.

"In addition to using our strong cash flow to grow our world-class
fertilizer business, we have a proven track record of returning capital
to our shareholders," said PotashCorp President and Chief Executive
Officer Bill Doyle. "This announcement to double the dividend - the
second time in the past year - reflects the confidence we have in the
drivers of our business and our commitment to creating superior
long-term shareholder value."

Potash Corporation of Saskatchewan Inc. is the world's largest
fertilizer enterprise by capacity producing the three primary plant
nutrients and a leading supplier to three distinct market categories:
agriculture, with the largest capacity in the world in potash, third
largest in each of nitrogen and phosphate; animal nutrition, with the
world's largest capacity in phosphate feed ingredients; and industrial
chemicals, as the largest global producer of industrial nitrogen
products and the world's largest capacity for production of purified
industrial phosphoric acid. PotashCorp's common shares are listed on
the Toronto Stock Exchange and the New York Stock Exchange.

This release contains forward-looking statements or forward-looking
information (forward-looking statements). These statements can be
identified by expressions of belief, expectation or intention, as well
as those statements that are not historical fact. These statements are
based on certain factors and assumptions including with respect to
foreign exchange rates, expected growth, results of operations,
performance, business prospects and opportunities and effective tax
rates. While the company considers these factors and assumptions to be
reasonable based on information currently available, they may prove to
be incorrect. Several factors could cause actual results to differ
materially from those expressed in the forward-looking statements,
including, but not limited to: variations from our assumptions with
respect to foreign exchange rates, expected growth, results of
operations, performance, business prospects and opportunities, and
effective tax rates; fluctuations in supply and demand in the
fertilizer, sulfur, transportation and petrochemical markets; costs and
availability of transportation and distribution for our raw materials
and products, including railcars and ocean freight; changes in
competitive pressures, including pricing pressures; adverse or
uncertain economic conditions and changes in credit and financial
markets; the results of sales contract negotiations with major markets;
the European sovereign debt crisis and the recent downgrade of US
sovereign debt and political concerns over related budgetary matters;
timing and amount of capital expenditures; risks associated with
natural gas and other hedging activities; changes in capital markets
and corresponding effects on the company's investments; unexpected or
adverse weather conditions; changes in currency and exchange rates;
unexpected geological or environmental conditions, including water
inflow; imprecision in reserve estimates; adverse developments in new
and pending legal proceedings or government investigations;
acquisitions we may undertake; strikes or other forms of work stoppage
or slowdowns; changes in and the effects of, government policies and
regulations; and earnings, exchange rates and the decisions of taxing
authorities, all of which could affect our effective tax rates.
Additional risks and uncertainties can be found in our Form 10-K for
the fiscal year ended December 31, 2010 under captions "Forward-Looking
Statements" and "Item 1A - Risk Factors" and in our other filings with
the US Securities and Exchange Commission and the Canadian provincial
securities commissions. Forward-looking statements are given only as at
the date of this release and the company disclaims any obligation to
update or revise the forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by law.

For further information:

Investors
Denita Stann
Vice President, Investor and Public Relations
Phone: (306) 933-8521
Fax: (306) 933-8844
Email:ir@potashcorp.com

Media
Bill Johnson
Senior Director, Public Affairs
Phone: (306) 933-8849
Fax: (306) 933-8844
Email:pr@potashcorp.com

Web Site:www.potashcorp.com

XTC - Exco Technologies Limited - First Quarter ended December 31, 2011 and Quarterly Dividend Declared (CAD 0.03)

Company: Exco Tech
Stock Name: XTC
Amount: CAD 0.03
Announcement Date: 25/01/2012
Record Date: 12/03/2012

Dividend Detail:

Year over year Quarterly Sales increased 29%

Year over year Quarterly Profits increased 157%

Quarter-end Cash on hand $18 million

No bank debt

TORONTO, Jan. 25, 2012 /CNW/ - Exco Technologies Limited (TSX-XTC) today announced results for its first quarter ended December 31, 2011.
In addition, the Company announced that its quarterly cash dividend of
$0.03 per share will be paid on March 30, 2012 to shareholders of
record on March 14, 2012.The dividend is an "eligible dividend" in
accordance with the Income Tax Act of Canada.


	Three Months ended December 31 ($000s, except per share amounts)

	2011	2010
Sales	58,486	45,193
Net income	5,286	2,054
Basic and diluted earnings per share	$0.13	$0.05
Common shares outstanding	40,925,227	40,912,823

Consolidated sales for the first quarter ended December 31, 2011 were
$58.5 million - an increase of $13.3 million or 29% compared to last
year. This quarter's sales growth continues the strong
post-recessionary recovery trend that began in 2010. The Casting and
Extrusion segment reported sales of $36.8 million - an increase of $9.4
million or 34% compared to last year. This growth was fuelled by
strong demand for automotive die cast moulds and die casting equipment
and components as well as improving demand for extrusion dies in North
America. Sales in the Automotive Solutions segment in the first
quarter were $21.7 million - an increase of $3.9 million or 22% over
last year. Growth here was principally driven by stronger vehicle
production volume in North America.

Consolidated net income for the first quarter was $5.3 million or $0.13
per share. This represents an increase of 157% over last year's
consolidated net income of $2.1 million or $0.05 per share. The
improvement in the current year's earnings was led by the Casting and
Extrusion segment with segment pretax income in the first quarter of
$5.4 million compared to segment pretax income of $946 thousand in the
same quarter last year. Within the segment, Edco and Excoeng Mexico
incurred a combined loss of approximately 1 cent per share and Exco
Colombia, where most start-up costs were expensed, incurred another 1
cent loss per share. The Automotive Solutions segment reported segment
pretax income in the first quarter of $3.3 million compared to segment
pretax income of $2.6 million in the same quarter last year.

Consolidated gross margin in the first quarter increased to 28.5% from
24.1% in the same quarter last year mainly from a significant
improvement in the Casting and Extrusion segment where the disruption
and inefficiency from closing an extrusion plant last year is over.

Operating cash flow before net changes in non cash working capital in
the first quarter increased to $6.8 million from $4 million last year.
Working capital in the current quarter has now begun to level off after
a sizeable sale-driven build-up over the last year. The Company's cash
position on December 31, 2011 increased to $18 million from $15.4
million at the beginning of the quarter reflecting improvement in
earnings.

The overall outlook for Exco over the next several quarters has not
materially changed from the last quarter. The two major trends of
strong light vehicle production volumes in North America and steady
introduction of new or refreshed vehicles and powertrain systems by
virtually all OEMs remain intact. These trends continue to benefit our
components businesses, Castool and our large mould businesses. Our
large mould business in particular is experiencing strong demand from
its die cast customers who are themselves experiencing high production
requirements. In Europe the situation is much more subdued as
production volumes are expected to contract in 2012 - although to what
extent is currently unclear. Management also expects to focus on the
development of our new operations in Mexico and Colombia in an effort
to both improve financial performance and develop these dynamic
emerging markets.

The comparative amounts in the above analysis have been adjusted to
reflect the impact of the Company's transition to IFRS effective
October 1, 2010. Refer to Note 13 to the interim consolidated financial
statements for the first quarter for a full reconciliation of the
comparative period's interim consolidated financial statements under
GAAP to IFRS.

(For further information and prior year comparison please refer to the
Company's First Quarter Interim Financial Statements in the Investor
Relations section posted at www.excocorp.com. Alternatively, please refer to www.sedar.com)

Exco Technologies Limited is a global supplier of innovative
technologies servicing the die-cast, extrusion and automotive
industries. Through our 10 strategic locations, we employ 2,112 people
and service a diverse and broad customer base.

To access the live audio webcast, please log on to www.excocorp.com or directly to the web cast at http://event.on24.com/r.htm?e=394641&s=1&k=B36B5F254585B38609735F9742575B90a few minutes before 4:30 PM on January 25, 2012. Questions can be
submitted via the Q&A box on the webcast console. Microsoft Media
Player is required for access. For those unable to listen on January
25, 2012, an archived version will be available on the Exco website.

This news release contains forward-looking information and
forward-looking statements within the meaning of applicable securities
laws. We use words such as "anticipate", "plan", "may", "will",
"should", "expect", "believe", "estimate" and similar expressions to
identify forward-looking information and statements especially with
respect to growth and financial performance of the Company's business
units, contribution of our two start-up business units and improvement
in operating efficiencies. Such forward-looking information and
statements are based on assumptions and analyses made by us in light of
our experience and our perception of historical trends, current
conditions and expected future developments, as well as other factors
we believe to be relevant and appropriate in the circumstances. These
assumptions include the number of automobile vehicles produced,
investment by OEMs in drivetrain architecture, the state of economic
conditions and currency fluctuations. Readers are cautioned not to
place undue reliance on forward-looking information and statements, as
there can be no assurance that the assumptions, plans, intentions or
expectations upon which such statements are based will occur.
Forward-looking information and statements are subject to known and
unknown risks, uncertainties, assumptions and other factors which may
cause actual results, performance or achievements to be materially
different from any future results, performance or achievements
expressed, implied or anticipated by such information and statements.
These risks, uncertainties and assumptionsare described in the
Company's Management's Discussion and Analysis included in our 2011
Annual Report, in our 2011 Annual Information Form and, from time to
time, in other reports and filings made by the Company with securities
regulatory authorities.

While the Company believes that the expectations expressed by such
forward-looking information and statements are reasonable, there can be
no assurance that such expectations and assumptions will prove to be
correct. In evaluating forward-looking information and statements,
readers should carefully consider the various factors which could cause
actual results or events to differ materially from those indicated in
the forward-looking information and statements. Readers are cautioned
that the foregoing list of important factors is not exhaustive.
Furthermore, the Company will update its disclosure upon publication of
each fiscal quarter's financial results and otherwise disclaims any
obligations to update publicly or otherwise revise any such factors or
any of the forward-looking information or statements contained herein
to reflect subsequent information, events or developments, changes in
risk factors or otherwise.

For further information:

Source:	Exco Technologies Limited (TSX-XTC)
Contact:	Paul Riganelli, Vice-President, Finance and Chief Financial Officer
Telephone:	(905) 477-3065 Ext. 7228
Website:	http://www.excocorp.com

Friday, January 20, 2012

TMC - Timbercreek Mortgage Investment Corporation January 2012 Dividend (CAD 0.067)

Company: Timbercreek Mtg Inv Corp
Stock Name: TMC
Amount: CAD 0.067
Announcement Date: 20/01/2012
Record Date: 27/01/2012

Dividend Detail:

Toronto Stock Exchange: TMC

TORONTO, Jan. 20, 2012 /CNW/ - Timbercreek Mortgage Investment
Corporation (the "Fund") is pleased to announce that its board of
directors (the "Board") has declared a monthly dividend of $0.067 per
class A share ("Class A Shares") and $0.071 per class B share ("Class B
Shares") of the Fund to be paid on February 15, 2012 to holders of
Class A Shares or Class B Shares of record on January 31, 2012.

The Fund also offers a Dividend Reinvestment Plan (the "Plan") to
eligible holders of Class A Shares, that provides a convenient means to
purchase additional Class A Shares by reinvesting their cash dividends
at a potential discount and without having to pay commissions, service
charges or brokerage fees.

At the discretion of the Board of Directors of the Fund, Class A Shares
for the reinvestment of distributions will be acquired in the open
market at prevailing prices or issued from treasury at 95 percent of
the average market price. At this time, the Board confirms that the
Fund will continue to issue shares from treasury until such time as the
Board elects otherwise. Class A Shares acquired under the Plan will be
automatically enrolled in the Plan. Shareholders who hold their Class A
Shares through a broker, financial institution or other nominee must
enroll for distribution reinvestment through their nominee holder.

As of January 20, 2012 there were 30,650,303 Class A Shares outstanding
and 3,724,347 Class B Shares outstanding.

The full text of the Plan can be obtained on the Timbercreek website at www.timbercreekfunds.com.

About the Fund

The Fund provides investors with an opportunity to receive attractive
yields by investing indirectly, through holding shares of the Fund, in
mortgage loan investments selected and determined to be high quality by
its manager, Timbercreek Asset Management Ltd. The investment
objective of the Fund is, with a primary focus on capital preservation,
to acquire and maintain a diversified portfolio of mortgage loan
investments that generates attractive, stable returns in order to
permit the Fund to pay monthly distributions to its shareholders.

For further information:

CONTACT:
Timbercreek Asset Management Ltd.
Carrie Morris
Investor Relations
416.306.9967 x250
cmorris@timbercreekfunds.com

CHE.UN - Chemtrade Logistics Income Fund declares January distribution (CAD 0.10)

Company: Chemtrade Logistics Income Fund
Stock Name: CHE.UN
Amount: CAD 0.10
Announcement Date: 20/01/2012
Record Date: 27/01/2012

Dividend Detail:

TORONTO, Jan. 20, 2012 /CNW/ - Chemtrade Logistics Income Fund (TSX:
CHE.UN) today announced that it has declared a cash distribution of
$0.10 per unit for the month of January 2012 payable on February 29,
2012 to unitholders of record at the close of business on January 31,
2012.

Holders of units who are non-residents of Canada will be required to pay
all withholding taxes payable in respect of any distributions of income
by the Fund.

For further information:

Mark Davis President & CEO	Rohit Bhardwaj Vice President, Finance & CFO

Tel: (416) 496-4176	Tel: (416) 496-4177

Website:www.chemtradelogistics.com

Thursday, January 19, 2012

TR.DB.A - Temple REIT Announces January 2012 Monthly Distribution (CAD 0.04)

Company: Temple Reit 7.50% Ser A Debs
Stock Name: TR.DB.A
Amount: CAD 0.04
Announcement Date: 19/01/2012
Record Date: 27/01/2012

Dividend Detail:

WINNIPEG, Jan. 19, 2012 /CNW/ - Temple Real Estate Investment Trust
("TREIT") (TSX Venture: TR.UN) announced today a distribution of $0.04
per unit ($0.48 per unit on an annualized basis) for the month of
January 2012. Payment will be made on February 15, 2012 to the
Unitholders of record as of January 31, 2012.

Temple REIT is a real estate investment trust, which is listed on the
TSX Venture Exchange under the symbols TR.UN (trust units), TR.DB.A,
TR.DB.B, TR.DB.C and TR.DB.S (convertible debentures). The objective
of TREIT is to provide Unitholders with stable cash distributions from
investment in a diversified portfolio of hotel properties and related
assets. For further information on TREIT, please visit our website at www.treit.ca.

The TSX Venture Exchange has not reviewed or approved the contents of
this press release and does not accept responsibility for the adequacy
or accuracy of this press release.

For further information:

Arni Thorsteinson, Chief Executive Officer, or Gino Romagnoli, Investor Relations
Tel: (204) 475-9090, Fax: (204) 452-5505, Email:info@treit.ca

WEQ.DB.B - WesternOne Equity Income Fund Announces Cash Distribution for January 2012 (CAD 0.05)

Company: Westernone Eqy Inc Fund 8.5 Conv Debs B
Stock Name: WEQ.DB.B
Amount: CAD 0.05
Announcement Date: 19/01/2012
Record Date: 27/01/2012

Dividend Detail:

VANCOUVER, Jan. 19, 2012 /CNW/ - WesternOne Equity Income Fund
("WesternOne Equity") (TSX: WEQ.UN, WEQ.DB.B and WEQ.DB.C) today
announced that its Board of Trustees has approved a cash distribution
of $0.05 per trust unit for the month of January, 2012 (equivalent to
$0.60 per trust unit on an annualized basis). This distribution will be
paid on February 15, 2012 to unitholders of record at the close of
business on January 31, 2012.

In addition, WesternOne Equity announced that during December 2011,
157,193 trust units were issued at $5.25 per trust unit in connection
with the conversion of $795,000 principal amount in Convertible
Unsecured Subordinated Debentures (plus accrued interest). As at
December 31, 2011, WesternOne Equity had 18,232,802 trust units,
$21,714,000 principal amount of the Convertible Unsecured Subordinated
Debentures and $86,250,000 principal amount of the Extendible
Convertible Series 2 Unsecured Subordinated Debentures outstanding.

The policy of WesternOne Equity is to pay cash distributions on or about
the 15th day of each month to unitholders of record on the last
business day of the preceding month.

About WesternOne Equity

WesternOne Equity seeks to acquire businesses in the sector of
construction and infrastructure services in order to generate stable
and growing distributions to its unitholders as well as to achieve
overall capital appreciation.

Additional information about WesternOne Equity is available at www.weq.ca or www.sedar.com

THE TORONTO STOCK EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

For further information:

Andrew Greig, Manager of Investor Relations
WesternOne Equity Income Fund
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 678-4042
E-mail:agreig@weq.ca
www.weq.ca

IBG - IBI Group Inc. declares its monthly dividend to shareholders (CAD 0.092)

Company: Ibi Group Inc.
Stock Name: IBG
Amount: CAD 0.092
Announcement Date: 19/01/2012
Record Date: 27/01/2012

Dividend Detail:

TORONTO, Jan. 19, 2012 /CNW/ - IBI Group Inc. (the "Company") (TSX: IBG)
today declared a cash dividend of $0.092 per Share for the month of
January 2012, payable February 29, 2012 to shareholders of record on
January 31, 2012.

About IBI GROUP INC. AND IBI GROUP

IBI Group Inc. is a TSX listed company, which pays monthly dividends and
trades under the symbol "IBG". IBI Group Inc. holds an indirect 75%
interest in IBI Group, a partnership (of a subsidiary of IBI Group Inc.
and IBI Group Management Partnership) which, directly and through its
subsidiary entities, provides professional services, including
planning, design, implementation, analysis of operations and other
consulting services in relation to four main areas of development,
being urban land, building facilities, transportation networks and
systems technology. The remaining 25% of IBI Group is owned by IBI
Group Management Partnership. On a partially diluted basis, assuming
the exchange of its partnership units of IBI Group for common shares of
IBI Group Inc., IBI Group Management Partnership together with
affiliated entities holds a combined 46% interest in IBI Group Inc.

For further information:

Tony Long
IBI Group Inc.
230 Richmond Street West, 5^th Floor
Toronto, ON M5V 1V6
Tel: 416-596-1930, Fax: 416-596-8024

Wednesday, January 18, 2012

CSS - Contrans announces 4th quarter dividend for 2011 (CAD 0.10)

Company: Contrans Group Inc.
Stock Name: CSS
Amount: CAD 0.10
Announcement Date: 18/01/2012
Record Date: 27/01/2012

Dividend Detail:

WOODSTOCK, ON, Jan. 18, 2012 /CNW/ - The Board of Directors of Contrans
Group Inc. ("Contrans") announced today that it has declared a dividend
of $0.10 per outstanding Class A Subordinate Voting Share and Class B
Multiple Voting Share, in respect of the fourth quarter of 2011,
payable on February 15, 2012 to shareholders of record at the close of
business on January 31, 2012.

For Canadian resident shareholders the dividend declared above is
designated as an "eligible dividend" for purposes of the enhanced
dividend tax credit rules contained in the Income Tax Act (Canada) and
any corresponding provincial and territorial tax legislation.

Contrans has been providing freight transportation services since 1985.
With approximately 1,200 power units and 2,200 trailers under
management, Contrans is one of the largest freight transportation
companies in Canada.

For further information:

Stan G. Dunford, Chairman and Chief Executive Officer, or
Greg W. Rumble, President and Chief Operating Officer

Phone: 519-421-4600 E-mail:info@contrans.ca Web site:www.contrans.ca

AAR.UN - Pure Industrial Real Estate Trust Announces Cash Distribution for January 2012 (CAD 0.025)

Company: Pure Industrial Real Estate Trust
Stock Name: AAR.UN
Amount: CAD 0.025
Announcement Date: 18/01/2012
Record Date: 27/01/2012

Dividend Detail:

VANCOUVER, Jan. 18, 2012 /CNW/ - Pure Industrial Real Estate Trust
("PIRET" or "REIT") (TSXV: AAR.UN) today announced that its Board of
Trustees has approved a cash distribution of $0.025 per trust unit for
the month of January 2012 (equivalent to $0.30 per trust unit on an
annualized basis). This distribution will be paid on February 15, 2012
to unitholders of record at the close of business on January 31, 2012.

The policy of Pure Industrial Real Estate Trust is to pay cash
distributions on or about the 15th day of each month to the unitholders
of record on the last business day of the preceding month.

PIRET units are listed on the TSX Venture Exchange under the symbol
AAR.UN. The REIT currently has 50,423,903 units issued and
outstanding.

For more information on PIRET, visit our website at www.piret.ca.

About Pure Industrial Real Estate Trust (PIRET)

PIRET is an unincorporated, open-ended investment trust established for
the purposes of acquiring, owning and operating a diversified portfolio
of income-producing industrial properties in primary markets across
Canada. PIRET focuses exclusively on investing in industrial properties
and is the only publicly traded vehicle in Canada that offers investors
exclusive exposure to Canada's industrial asset class.

Additional information about PIRET is available at www.piret.ca or www.sedar.com.

TSX Venture Exchange - AAR.UN

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR THE ACCURACY OF THIS RELEASE.

For further information:

Andrew Greig,
Director of Investor Relations
Pure Industrial Real Estate Trust (PIRET)
Suite 910, 925 West Georgia Street
Vancouver, BC V6C 3L2
Phone: (604) 681-5959 or (888) 681-5959
E-mail:agreig@piret.ca
www.piret.ca

Tuesday, January 17, 2012

BYD.UN - Boyd Group Income Fund announces January 2012 cash distribution (CAD 0.0375)

Company: Boyd Group Income Fund
Stock Name: BYD.UN
Amount: CAD 0.0375
Announcement Date: 17/01/2012
Record Date: 27/01/2012

Dividend Detail:

Not for distribution to U.S. newswire services or for dissemination in
the United States.

WINNIPEG, Jan. 17, 2012 /CNW/ - Boyd Group Income Fund (TSX: BYD.UN)
today announced a cash distribution for the month of January 2012 of
$0.0375 per trust unit. The distribution will be payable on February
27, 2012 to unitholders of record at the close of business on January
31, 2012.

Boyd Group Income Fund's policy is to pay monthly distributions to
unitholders of record on or around the last business day of the month.

Holders of units who are non-residents of Canada will be subject to
withholding taxes in respect of any distributions made by Boyd Group
Income Fund.

ON BEHALF OF THE BOARD OF TRUSTEES

of Boyd Group Income Fund

Mr. Brock Bulbuck, President & CEO

About The Boyd Group Income Fund

The Boyd Group Income Fund is an unincorporated, open-ended mutual fund
trust created for the purposes of acquiring and holding certain
investments, including a majority interest in The Boyd Group Inc. and
its subsidiaries. The Boyd Group Inc. is the largest operator of
collision repair centres in North America. For more information on The
Boyd Group Inc. or Boyd Group Income Fund, please visit our Web site at
www.boydgroup.com.

This press release contains forward-looking statements, other than
historical facts, which reflect the view of the Fund's management with
respect to future events. Such forward-looking statements reflect the
current views of the Fund's management and are made on the basis of
information currently available. Although management believes that its
expectations are reasonable, it can give no assurance that such
expectations will prove to be correct. The forward-looking statements
contained herein are subject to these factors and other risks,
uncertainties and assumptions relating to the operations, results of
operations and financial position of the Fund.

For further information:

Brock Bulbuck	Salvador Diaz
President & CEO	Investor Relations
Tel: (204) 895-1244 (ext. 223)	Tel: (416) 815-0700 or toll free 1-800-385-5451 (ext. 242)
brock.bulbuck@boydgroup.com	sdiaz@equicomgroup.com

EIF - Exchange Income Corporation Announces January 2012 Dividend (CAD 0.135)

Company: Exchange Income Corporation
Stock Name: EIF
Amount: CAD 0.135
Announcement Date: 17/01/2012
Record Date: 27/01/2012

Dividend Detail:

WINNIPEG, Jan. 17, 2012 /CNW/ - Exchange Income Corporation (TSX: EIF)
(the "Corporation"), announced today that the Directors of the
Corporation have declared eligible dividends totaling $0.135 per share
for the month ended January 31, 2012, payable February 15, 2012 to
shareholders of record at the close of business on January 31, 2012.

Eligible shareholders have the opportunity to reinvest their dividends
in accordance with the Corporation's dividend reinvestment and cash
purchase plan. Additional details can be found in the investor
information section of the Corporation's website, www.exchangeincomecorp.ca.

The dividend is designated as an "eligible" dividend under the Income
Tax Act (Canada) and any corresponding provincial legislation. Under
this legislation, individuals resident in Canada may be entitled to
enhanced dividend tax credits which reduce income tax otherwise
payable.

About Exchange Income Corporation

Exchange Income Corporation is a diversified acquisition-oriented
company, focused on opportunities in the industrial products and
transportation sectors which are ideally suited for public markets
except for their size. The strategy of the Corporation is to invest in
profitable, well-established companies with strong cash flows operating
in niche markets in Canada and/or the United States.

The Corporation is currently operating in two niche business segments:
aviation and specialty manufacturing. The aviation segment consists of
the operations by Perimeter Aviation, Keewatin Air, Calm Air
International and Bearskin Lake Air Service and the specialty
manufacturing segment consists of the operations by Jasper Tank,
Overlanders Manufacturing, Water Blast Manufacturing, Stainless
Fabrication and WesTower Communications. For more information on
Exchange Income Corporation, please visit www.exchangeincomecorp.ca.

Additional information relating to the Corporation, including all public
filings, is available on SEDAR (www.sedar.com).

For further information:

Mike Pyle	Joe Racanelli
President and CEO	Investor Relations
Exchange Income Corporation	TMX Equicom
(204) 982-1850	Phone: (416) 815-0700 Ext. 243
mpyle@eig.ca	jracanelli@equicomgroup.com

Monday, January 16, 2012

LNV - Longview Announces Cash Dividend for January 2012 payable February 15, 2012 (CAD 0.05)

Company: Longview Oil Corp
Stock Name: LNV
Amount: CAD 0.05
Announcement Date: 16/01/2012
Record Date: 27/01/2012

Dividend Detail:

CALGARY, Jan. 16, 2012 /CNW/ - Longview Oil Corp. ("Longview" or the
"Corporation") announces that the January 2012 monthly cash dividend
will be $0.05 per share and will be paid on February 15, 2012. The
record date for the dividend is January 31, 2012, and the ex-dividend
date is January 27, 2012. The dividend is considered an "eligible
dividend" for Canadian tax purposes.

Longview's business strategy is to provide shareholders with attractive
long term returns that combine both growth and yield by exploiting its
assets in a financially disciplined manner and by acquiring additional
long-life oil assets of a similar nature. Longview's asset base is
comprised of operated oil-weighted resource plays with high working
interests in the Western Canadian Sedimentary Basin.

The payment and the amount of dividends declared in any month will be
subject to the discretion of the board of directors and will depend on
the board of director's assessment of the Corporation's outlook for
growth, capital expenditure requirements, funds from operations,
potential acquisition opportunities, debt position and other conditions
that the board of directors may consider relevant at such future time,
including applicable restrictions that may be imposed under the
Corporation's Credit Facilities and on the ability of the Corporation
to pay dividends. The amount of future cash dividends, if any, may also
vary depending on a variety of factors, including fluctuations in
commodity prices, production levels, capital expenditure requirements,
debt service requirements, operating costs, royalty burdens and foreign
exchange rates.

All dollar amounts in this press release are Canadian dollars unless
otherwise indicated.

For further information:

Investor Relations
Toll free: 1-855-813-0313

LONGVIEW OIL CORP.
700, 400 -3^rd Avenue SW
Calgary, Alberta
T2P 4H2
Phone: (403) 718-8000
Fax: (403) 718-8300
Web Site:www.longviewoil.com
E-mail:ir@longviewoil.com

NFI - New Flyer Industries Inc. and New Flyer Industries Canada ULC announce January dividend and cash distribution (CAD 0.0717)

Company: New Flyer Industries Inc
Stock Name: NFI
Amount: CAD 0.0717
Announcement Date: 16/01/2012
Record Date: 27/01/2012

Dividend Detail:

WINNIPEG, Jan. 16, 2012 /CNW/ - (TSX:NFI, TSX:NFI.UN) New Flyer
Industries Inc. ("New Flyer") declared today a dividend on the common
shares of New Flyer (the "Shares"), including those Shares held
separately and those Shares held in the form of an income deposit
security ("IDS"), in the amount of C$0.07167 per Share, which will be
payable on February 15, 2012, to holders of record at the close of
business on January 31, 2012.The Shares that are held separately trade
on the Toronto Stock Exchange (the "TSX") under the symbol NFI and the
Shares that are held in the form of an IDS trade on the TSX under the
symbol NFI.UN.

The regular monthly cash interest payment of C$0.645 per C$55.30
principal amount of subordinated notes (the "Subordinated Notes") of
New Flyer Industries Canada ULC ("NFI ULC") will also be paid on
February 15, 2012 to holders of Subordinated Notes (including those
held separately and those held in the form of an IDS) of record at the
close of business on January 31, 2012. As a result, holders of record
of IDSs will receive a total distribution of C$0.7167 per IDS,
representing a cash dividend of C$0.07167 per Share and an interest
payment of C$0.645 per C$55.30 principal amount of Subordinated Notes
for the period from January 1, 2012 to January 31, 2012.

The dividends on the Shares (including those Shares forming part of the
IDSs) are designated as "eligible dividends" for purposes of the
enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax
legislation.

About New Flyer

New Flyer is the leading manufacturer of heavy-duty transit buses in
Canada and the United States. With a skilled workforce of over 2,000
employees, New Flyer is a technology leader, offering the broadest
product line in the industry, including drive systems powered by clean
diesel, LNG, CNG and electric trolley as well as energy-efficient
diesel-electric hybrid vehicles.All products are supported with an
industry-leading, comprehensive parts and service network.Further
information is available on New Flyer's web site at www.newflyer.com.

Forward-Looking Statements

This press release may contain forward-looking statements relating to
expected future events and financial and operating results of New Flyer
that involve risks and uncertainties.Actual results may differ
materially from management expectations as projected in such
forward-looking statements for a variety of reasons, including market
and general economic conditions, the covenants contained in NFI ULC's
senior credit facility and subordinated note indenture and the other
risks and uncertainties detailed in the disclosure documents filed with
the Canadian securities regulatory authorities.Due to the potential
impact of these factors, New Flyer disclaims any intention or
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise, unless
required by applicable law.

For further information:

New Flyer Industries Inc.
Glenn Asham, Chief Financial Officer
Tel: 204-224-1251

Friday, January 13, 2012

AX.UN - Artis Real Estate Investment Trust announces monthly cash distribution (CAD 0.09)

Company: Artis Real Estate Investment Trust Units
Stock Name: AX.UN
Amount: CAD 0.09
Announcement Date: 13/01/2012
Record Date: 27/01/2012

Dividend Detail:

WINNIPEG, Jan. 13, 2012 /CNW/ - Artis Real Estate Investment Trust (TSX:
AX.UN) ("Artis" or the "REIT") announced that its trustees have
declared its regular monthly cash distribution of $0.09 per trust unit
("Unit") of Artis for the month of January, 2012. The cash
distributions will be made on February 15, 2012 to Unitholders of
record on January 31, 2012.

As at the date hereof, there are an aggregate of 88,872,905 Units issued
and outstanding.

*********

Artis is a diversified Canadian real estate investment trust investing
in office, industrial and retail properties. Since 2004, Artis has
executed an aggressive but disciplined growth strategy, building a
portfolio of commercial properties in Canada and the United States,
with a major focus on Western Canada. Artis' commercial property
comprises nearly 16.9 million square feet of leasable area in 163
properties. Leasable area by asset class is approximately 22.2% retail,
36.3% office and 41.5% industrial. The portfolio is located 9.5% in
British Columbia, 29.5% in Alberta, 5.5% in Saskatchewan, 20.5% in
Manitoba, 11.7% in Ontario and 23.3% in the U.S.

The Toronto Stock Exchange does not accept responsibility for the
adequacy or accuracy of this press release.

For further information:

please contact Mr. Armin Martens, President and Chief Executive Officer, Mr. Jim Green, Chief Financial Officer or Ms. Kirsty Stevens, Chief Administrative Officer at 1.204.947.1250

SLS - SL Split Corp. Declares Quarterly Dividend (CAD 0.3223)

Company: Sl Split Corp. Capital Shares
Stock Name: SLS
Amount: CAD 0.3223
Announcement Date: 13/01/2012
Record Date: 25/01/2012

Dividend Detail:

TORONTO, Jan. 13, 2012 /CNW/ - The Board of Directors of SL Split Corp.
(the "Company") has today declared an ordinary dividend of $0.3223 per
Preferred Share payable on January 31, 2012 to holders of record at the
close of business on January 27, 2012.

SL Split Corp. is a mutual fund corporation created to hold a portfolio
of common shares of Sun Life Financial Inc. The Company will generate a
fixed quarterly dividend for the Preferred shareholders and provide the
Capital shareholders with a leveraged investment, the value of which is
linked to changes in the market price of the Sun Life shares. Capital
Shares and Preferred Shares of SL Split Corp. are listed for trading on
The Toronto Stock Exchange under the symbols SLS and SLS.PR.A
respectively.

For further information:

Investor Relations
SL Split Corp.
(416) 945-4514
E-mail:mc_slsplit@scotiacapital.com
Web site:www.scotiamanagedcompanies.com

Thursday, January 12, 2012

UTC.C - Utility Corp. Declares Monthly Dividend (CAD 0.07)

Company: Utility Corp Cl C
Stock Name: UTC.C
Amount: CAD 0.07
Announcement Date: 12/01/2012
Record Date: 24/01/2012

Dividend Detail:

TORONTO, Jan. 12, 2012 /CNW/ - The Board of Directors of Utility Corp.
(the "Company") has today declared a regular monthly dividend
distribution of $0.07 per Class C Share payable on January 31, 2012 to
holders of record at the close of business on January 26, 2012.

Shareholders are entitled to receive dividends as declared by the Board
of Directors of Utility Corp. It is the Company's policy to declare and
pay equal monthly dividends on the outstanding Class C Shares based on
revenue received less expenses.

Utility Corp. is a mutual fund corporation whose investment portfolio
consists of publicly listed securities of selected Canadian utility and
telecommunication issuers. The Class C Shares of Utility Corp. are
listed for trading on the Toronto Stock Exchange under the symbol
UTC.C.

For further information:

Investor Relations
Utility Corp.
(416) 863-7893
E-mail:mc_utility@scotiacapital.com
Web site:www.scotiamanagedcompanies.com

PPL - Pembina Pipeline Corporation Announces January 2012 Dividend (CAD 0.13)

Company: Pembina Pipeline Corporation
Stock Name: PPL
Amount: CAD 0.13
Announcement Date: 12/01/2012
Record Date: 23/01/2012

Dividend Detail:

CALGARY, Jan. 12, 2012 /CNW/ - The Board of Directors of Pembina
Pipeline Corporation ("Pembina") (TSX: PPL) has declared a January 2012
cash dividend of $0.13 per share to be paid, subject to applicable law,
on February 15, 2012 to shareholders of record on January 25, 2012.
This dividend is designated an "eligible dividend" for Canadian income
tax purposes.

Based on internal projections and certain assumptions, Pembina expects
to maintain its current dividend of 13 cents per share per month ($1.56
per share per year) through 2013.

Reinstatement of Premium Dividend and Dividend Reinvestment Plan

Pembina has reinstated the Premium Dividend and Dividend Reinvestment
Plan ("DRIP") effective as of the January 25, 2012 record date and the
corresponding dividend payable on February 15, 2012.

If you are an eligible shareholder of Pembina, as described in the DRIP
documents available at www.pembina.com, the DRIP provides an
opportunity for you to receive, by reinvesting the cash dividends
declared payable by Pembina on your shares, either

(i)	additional common shares at a discounted subscription price equal to 95 percent of the Average Market Price (as defined in the DRIP), pursuant to the "Dividend Reinvestment Component" of the DRIP, or

(ii)	premium cash payment (the "Premium Dividend") equal to 102 percent of the amount of your reinvested dividends, pursuant to the "Premium Dividend Component" of the DRIP,

in either case upon and subject to the terms and conditions of the DRIP.

Shareholders must contact the broker, investment dealer, financial
institution or other nominee through whom their Pembina common shares
are held to enroll in the DRIP.

Further details and enrollment forms for the DRIP are available on
Pembina's website under Investor Centre.

Unless otherwise announced by Pembina, a shareholder who is a resident
of the United States or is otherwise a "U.S. person" as that term is
defined in Regulation S under the United States Securities Act of 1933,
as amended, may not participate in either component of the Plan.

DRIP proceeds will be directed toward Pembina's ongoing 2012 capital
program and the reduction of outstanding bank debt.

Pembina transports crude oil and natural gas liquids produced in western
Canada, owns and operates oil sands pipelines and has a growing
presence in midstream and natural gas services sectors. Pembina's
common shares and convertible debentures are traded on the TSX under
the symbols PPL and PPL.DB.C respectively.

Forward-Looking Information and Statements

This news release contains certain forward-looking information and
statements ("forward-looking statements") that are based on the
Pembina's current expectations, estimates, projections and assumptions
in light of its experience and its perception of historical trends. In
this news release, such forward-looking statements can be identified by
terminology such as "to be", "expects", "projects" and similar
expressions.

In particular, this news release contains forward-looking statements,
including certain financial outlook, regarding the ability of Pembina
to maintain its current level of cash dividends to its equity holders
through 2013. These forward-looking statements are being made by
Pembina based on certain assumptions that Pembina has made in respect
thereof as at the date of this document, including: that favourable
growth parameters continue to exist in respect of current and future
growth projects (including the ability to finance such projects on
favourable terms); and that Pembina's businesses will continue to
achieve sustainable financial results.

These forward-looking statements are not guarantees of future
performance and are subject to a number of known and unknown risks and
uncertainties, including, but not limited to: non-performance of
agreements in accordance with their terms; the impact of competitive
entities and pricing; reliance on key industry partners, alliances and
agreements; the strength and operations of the oil and natural gas
production industry and related commodity prices; the continuation or
completion of third-party projects; regulatory environment and
inability to obtain required regulatory approvals; tax laws and
treatment; fluctuations in operating results; the ability of Pembina to
raise sufficient capital to complete future projects and satisfy future
commitments; construction delays; labour and material shortages; and
certain other risks detailed from time to time in Pembina's public
disclosure documents including, among other things, those detailed
under the heading "Risk Factors" in Pembina's management's discussion
and analysis for the year ended December 31, 2010, which can be found
at www.sedar.com.

Accordingly, readers are cautioned that events or circumstances could
cause results to differ materially from those predicted, forecasted or
projected. Such forward-looking statements are expressly qualified by
the above statements and are made as of the date of this news release.
Pembina does not undertake any obligation to publicly update or revise
any forward-looking statements or information contained herein, except
as required by applicable laws. Management of Pembina approved the
financial outlook contained herein as of the date of this news release
to give the reader an indication as to the expected level of dividends
through 2013. Readers should be aware the information contained in the
financial outlook contained herein may not be appropriate for other
purposes.

All dollar values are in Canadian dollars.

For further information:

Glenys Hermanutz
Vice President, Corporate Affairs
Pembina Pipeline Corporation
(403) 231-7500
1-888-428-3222
e-mail:investor-relations@pembina.com

Wednesday, January 11, 2012

PVE - Provident Announces Participation in the TD London Energy Conference and January Cash Dividend (CAD 0.045)

Company: Provident Energy Ltd.
Stock Name: PVE
Amount: CAD 0.045
Announcement Date: 11/01/2012
Record Date: 23/01/2012

Dividend Detail:

All values are in Canadian dollars.

CALGARY, Jan. 11, 2012 /CNW/ - Provident Energy Ltd. (Provident)
(TSX-PVE) (NYSE-PVX) announced today that Andrew Gruszecki, Executive
Vice President, will be participating in a panel discussion at the TD
London Energy Conference in London, England on Monday, January 16, 2012
at 1:30 p.m. GMT.

January 2012 Cash Dividend

Provident's January cash dividend of $0.045 per share is payable on
February 15, 2012 and will be paid to shareholders of record on January
25, 2012. The ex-dividend date will be January 23, 2012. Provident's
2012 annualized dividend rate is $0.54 per common share. Based on the
current annualized dividend rate and the TSX closing price on January
10, 2012 of $10.14, Provident's yield is approximately 5.3 percent.

For shareholders receiving their dividends in U.S. funds, the January
2012 cash dividend will be approximately US$0.044 per share based on an
exchange rate of 0.9839. The actual U.S. dollar dividend will depend on
the Canadian/U.S. dollar exchange rate on the payment date and will be
subject to applicable withholding taxes.

Provident Energy Ltd. is a Calgary-based corporation that owns and
manages a natural gas liquids (NGL) infrastructure and logistics
business. Provident's facilities are strategically located in Western
Canada and in the premium NGL markets in Eastern Canada and the U.S.
Provident provides monthly cash dividends to its shareholders and
trades on the Toronto Stock Exchange and the New York Stock Exchange
under the symbols PVE and PVX, respectively.

This news release contains certain forward-looking statements concerning
Provident, as well as other expectations, plans, goals, objectives,
information or statements about future events, conditions, results of
operations or performance that may constitute "forward-looking
statements" or "forward-looking information" under applicable
securities legislation. Such statements or information involve
substantial known and unknown risks and uncertainties, certain of which
are beyond Provident's control, including the impact of general
economic conditions in Canada and the United States, industry
conditions, changes in laws and regulations including the adoption of
new environmental laws and regulations and changes in how they are
interpreted and enforced, increased competition, the lack of
availability of qualified personnel or management, pipeline design and
construction, fluctuations in commodity prices, foreign exchange or
interest rates, stock market volatility and obtaining required
approvals of regulatory authorities. Such forward-looking information
is provided for the purpose of providing information about management's
current expectations and plans relating to the future. Readers are
cautioned that reliance on such information may not be appropriate for
other purposes, such as making investment decisions.

Such forward-looking statements or information are based on a number of
assumptions which may prove to be incorrect. In addition to other
assumptions identified in this news release, assumptions have been made
regarding, among other things, commodity prices, operating conditions,
capital and other expenditures, and project development activities.

Although Provident believes that the expectations reflected in such
forward-looking statements or information are reasonable, undue
reliance should not be placed on forward-looking statements because
Provident can give no assurance that such expectations will prove to be
correct. Forward-looking statements or information are based on current
expectations, estimates and projections that involve a number of risks
and uncertainties which could cause actual results to differ materially
from those anticipated by Provident and described in the
forward-looking statements or information.

The forward-looking statements or information contained in this news
release are made as of the date hereof and Provident undertakes no
obligation to update publicly or revise any forward-looking statements
or information, whether as a result of new information, future events
or otherwise unless so required by applicable securities laws. The
forward-looking statements or information contained in this news
release are expressly qualified by this cautionary statement.

For further information:

Investor and Media Contact:
Raina Vitanov
Manager, Investor Relations
Ashley Nuell
Investor Relations & Communications Analyst
Phone (403) 231-6710
Email:info@providentenergy.com

Corporate Head Office:
2100, 250 - 2^nd Street SW
Calgary, Alberta T2P 0C1
Phone: (403) 296-2233
Toll Free: 1-800-587-6299
Fax: (403) 264-5820
www.providentenergy.com