Stock Name: VNR
Amount: CAD 0.25
Announcement Date: 14/05/2012
Record Date: 27/06/2012
Dividend Detail:
Valener's Board of Directors approves a dividend of $0.25 per share and
maintains the 5% discount on new shares issued under the Dividend
Reinvestment Plan
MONTREAL, May 14, 2012 /CNW Telbec/ - Valener Inc. ("Valener") (TSX:
VNR) is announcing that its Board of Directors has declared a quarterly
dividend of $0.25 per common share for the quarter ending June 30,
2012. The dividend is payable on July 16, 2012 to shareholders of
record at the close of business on June 29, 2012. It is an eligible
dividend for Canadian tax purposes.
Dividend Reinvestment Plan
Under Valener's Dividend Reinvestment Plan (the "Plan"), shareholders
who reside in Canada may choose to have the cash dividends paid on
their common shares reinvested into additional Valener common shares.
As approved by the Board of Directors, reinvestments of the dividend
payable on July 16, 2012 shall be carried out by way of a new Valener
common share issuance at a discount of 5% of the weighted average price
during the five trading days immediately preceding the dividend payment
date.
Plan enrolment:
The Plan enrolment process for registered shareholders differs from that
for non-registered shareholders.
Registered shareholders are shareholders whose name appears on the
physical share certificate that represents their shares. To enrol in
the Plan, eligible registered shareholders may contact Canadian Stock
Transfer Company Inc., administrative agent for CIBC Mellon Trust
Company, at 1-800-387-0825 and complete the enrolment form.
Non-registered shareholders are shareholders whose shares are held on
their behalf by a securities broker, dealer, bank, trust company or
other financial institution. To enrol in the Plan, eligible
non-registered shareholders must contact the intermediary who is
holding their shares.
The text of the Plan is available in its entirety in the "Investors"
section of Valener's website (www.valener.com).
About Valener
Valener owns an economic interest of approximately 29% in Gaz M��tro
Limited Partnership ("Gaz M��tro"). Valener therefore has a stake in the
energy industry and benefits from Gaz M��tro's diversified profile, both
in terms of geography and business segment. Valener also owns a 24.5%
indirect interest in the wind power projects developed with Gaz M��tro
and Boralex Inc. on the private lands of S��minaire de Qu��bec. Valener
may also pursue its own development projects and acquisition strategies
subject to a non-competition agreement in favour of Gaz M��tro and to
applicable limitations under its credit facility. Valener's common
shares are listed on the Toronto Stock Exchange under the "VNR" trading
symbol. www.valener.com
For further information:
Investors and analysts
Caroline Warren
Investor Relations
514-598-3324
Media
Catherine��Houde
Media and Public Relations
514-598-3449
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