Tuesday, February 28, 2012

ERF - <span class="simulate_din_font">Enerplus Announces Cash Dividend for March 2012</span> (CAD 0.18)

Company: Enerplus Corporation
Stock Name: ERF
Amount: CAD 0.18
Announcement Date: 28/02/2012
Record Date: 07/03/2012

Dividend Detail:




CALGARY, Feb. 28, 2012 /CNW/ - Enerplus Corporation ("Enerplus") (TSX:
ERF) (NYSE: ERF) is pleased to announce that a cash dividend in the
amount of CDN$0.18 per share will be payable on March 20, 2012 to all
shareholders of record at the close of business on March 9, 2012. The
ex-dividend date for this payment is March 7, 2012.



The CDN$0.18 per share dividend is equivalent to approximately US$0.18
per share if converted using a Canadian/US dollar exchange rate of
0.998. The U.S. dollar equivalent dividend will be based upon the
actual Canadian/US exchange rate applied on the payment date and will
be net of any Canadian withholding taxes that may be applicable.



The dividend paid by Enerplus is considered an "eligible dividend" for
Canadian tax purposes. For U.S. income tax purposes, Enerplus'
dividends are considered "qualified dividends".



Gordon J. Kerr

President & Chief Executive Officer

Enerplus Corporation



Except for the historical and present factual information contained
herein, the matters set forth in this news release, including words
such as "expects", "projects", "plans" and similar expressions, are
forward-looking information that represents management of Enerplus'
internal projections, expectations or beliefs concerning, among other
things, future operating results and various components thereof or the
economic performance of Enerplus. The projections, estimates and
beliefs contained in such forward-looking statements necessarily
involve known and unknown risks and uncertainties, which may cause
Enerplus' actual performance and financial results in future periods to
differ materially from any projections of future performance or results
expressed or implied by such forward-looking statements. These risks
and uncertainties include, among other things, those described in
Enerplus' filings with the Canadian and U.S. securities authorities.
Accordingly, holders of Enerplus shares and potential investors are
cautioned that events or circumstances could cause results to differ
materially from those predicted.



For further information:

Please call 1-800-319-6462 or e-mailinvestorrelations@enerplus.com.









Monday, February 27, 2012

MRT.UN - <span class="simulate_din_font">Morguard Real Estate Investment Trust announces fourth quarter and 2011 annual results and increase in distributions</span> (CAD 0.96)

Company: Morguard Un
Stock Name: MRT.UN
Amount: CAD 0.96
Announcement Date: 27/02/2012
Record Date: 28/03/2012

Dividend Detail:




TSX: MRT.UN



MISSISSAUGA, ON, Feb. 27, 2012 /CNW/ - Morguard Real Estate Investment
Trust ("the Trust") (TSX: MRT.UN) today announced that net income for
the year ended December 31, 2011 was $158.3 million or $2.77 per unit,
compared with $174.4 million or $3.07 per unit in 2010. Net income for
the three months ended December 31, 2011 was $48.4 million or $0.84 per
unit, compared to $56.7 million or $1.00 per unit for the same period
in 2010.



Funds from operations ("FFO") for the year ended December 31, 2011 was
$79.5 million or $1.39 per unit ($1.35 per unit fully diluted),
compared to $71.8 million or $1.26 per unit ($1.22 per unit fully
diluted) in 2010. FFO for the three months ended December 31, 2011 was
$21.4 million or $0.36 per unit ($0.36 per unit fully diluted) compared
to $20.5 million or $0.36 per unit ($0.35 per unit fully diluted) for
the same period in 2010.



Net operating income for the year ended December 31, 2011 was $133.8
million
, compared to $123.6 million in 2010. Net operating income for
the three months ended December 31, 2011 was $35.0 million, compared
with $34.4 million during the same period in 2010.



DISTRIBUTION INCREASE

The board of Trustees of Morguard REIT announced an increase in the
distribution paid to unitholders. The increase to $0.96 per unit per
annum (from $0.90 currently) will be effective for unitholders of
record at the close of business on March 30, 2012.



NET OPERATING INCOME, FFO

This press release and accompanying financial information make reference
to net operating income and funds from operations ("FFO") on a total
and per unit basis. Net operating income is defined as income from
property operations after operating expenses have been deducted, but
prior to deducting interest expense, general and administrative
expenses and fair value gains (losses). FFO is defined as net income
prior to extraordinary items, valuation adjustments, and certain other
non-cash items, if any.



Readers are cautioned that although the terms "Net Operating Income" and
"Funds from Operations" are commonly used to measure, compare and
explain the operating and financial performance of Canadian real estate
investment trusts and such terms are defined in the Management's
discussion and Analysis, such terms are not recognized terms under
IFRS. Such terms do not necessarily have a standardized meaning and
may not be comparable to similarly titled measures presented by the
other publicly traded entities.



FINANCIAL STATEMENTS AND MORGUARD'S DISCUSSION AND ANALYSIS

Morguard REIT's 2011 Consolidated Financial Statement and Management's
Discussion and Analysis along with its 2010 Annual Report are available
on Morguard REIT's website at www.morguardreit.com and have been filed with SEDAR at www.sedar.com



ABOUT MORGUARD REAL ESTATE INVESTMENT TRUST

Morguard REIT is a closed-end real estate investment trust, which owns a
diversified portfolio of 53 retail, office and mixed-use properties in
Canada with a book value of $2.1 billion and approximately 8.5 million
square feet of leaseable space.






Consolidated Balance Sheet












































































































































(In thousands of dollars, except per-unit amounts)

2011

2010







Assets





Real estate properties

$

 2,119,084

$

 1,935,901

Amounts receivable

8,851

7,756

Other assets

1,321

981

Cash and cash equivalents

8,134

7,441



$

 2,137,390

$

 1,952,079







Liabilities





Mortgages and bonds payable

$

 799,672

$

 760,219

Convertible debentures payable

86,457

94,974

Accounts payable and other liabilities

34,496

34,300

Bank indebtedness

43,852

8,620







Unitholders' Equity

1,172,913

1,053,966



$

2,137,390

$

1,952,079





Consolidated Statements of Income and Comprehensive Income

















































































































































































































































































Three months ended December 31,

Year ended December 31,

(In thousands of dollars, except per-unit amounts)

2011

2010

2011

2010











Revenue from real estate properties

$

  60,673

$

 60,052

$

 235,693

$

 220,301

Property operating expenses

23,679

23,764

94,238

89,479

Property management fees

2,036

1,925

7,676

7,237

Net operating income

34,958

34,363

133,779

123,585











Interest expense

12,692

12,929

50,833

48,571

General and administrative

954

1,240

4,538

4,472

Amortization expense

11

19

48

79

Other expenses / (income)

14

(3)

5

(40)

Income before fair value changes on real estate properties

 and loss on sale of real estate properties

21,287

20,178

78,355

70,503











Fair value gains on real estate properties

27,086

36,514

79,947

104,137

Loss on sale of real estate properties



(1)



(276)


Net income for the year

$

48,373

$

 56,691

$

158,302

$

 174,364













Other comprehensive income


Amortization - cash flow hedge

240

234

951

930

Comprehensive income

$

48,613

$

 56,925

$

 159,253

$

 175,294











Net income per-unit









Basic

$ 

 0.84

$

 1.00

$

 2.77

$

 3.07

 Diluted

$ 

0.80

$

 0.92

$

 2.62

$

 2.85





Reconciliation of Net Income to Funds from Operations























































































































































Three months ended December 31,

Year ended December 31,

(In thousands of dollars, except per-unit amounts)

2011

2010

2011

2010











Net income for the year

$

 48,373

$

 56,691

$

 158,302

$

 174,364











Add / (deduct):









Accretion of convertible debentures

80

357

1,121

1,250

Fair value gains on real estate properties

(27,086)

(36,514)

(79,947)

(104,137)

Loss on sale of real estate properties



1



276

Funds from operations

$

 21,367

$

 20,535

$

 79,476

$

71,753











Funds from operations per-unit









Basic

$

 0.36

$

 0.36

$

 1.39

$

1.26

 Diluted

$

 0.36

$

  0.35

$

   1.35

$

 1.22








For further information:

K. (Rai) Sahi, President and Chief Executive Officer, Tel: 905.281.4800, or;
Tim Walker, Vice President and Chief Financial Officer, Tel: 905.281.4800









CP - <span class="simulate_din_font">Canadian Pacific Railway Limited Declares Dividend</span> (CAD 0.30)

Company: Canadian Pacific Railway Limited
Stock Name: CP
Amount: CAD 0.30
Announcement Date: 27/02/2012
Record Date: 28/03/2012

Dividend Detail:




CALGARY, Feb. 27, 2012 /CNW/ - The Board of Directors of Canadian
Pacific Railway Limited (TSX:CP) (NYSE:CP) today declared a quarterly
dividend of thirty cents ($0.30) Canadian per share on the outstanding
Common Shares. The dividend is payable on April 30, 2012, to holders
of record at the close of business on March 30, 2012, and is an
eligible dividend pursuant to subsection 89(14) of the Income Tax Act.



About Canadian Pacific

Canadian Pacific (TSX:CP)(NYSE:CP) operates a North American
transcontinental railway providing freight transportation services,
logistics solutions and supply chain expertise. Incorporating
best-in-class technology and environmental practices, CP is re-defining
itself as a modern 21st century transportation company built on safety,
service reliability and operational efficiency. Visit cpr.ca and see
how Canadian Pacific is Driving the Digital Railway.



For further information:

Media
Ed Greenberg
Tel: 612-849-4717
24/7 Media Pager: 855-242-3674
ed_greenberg@cpr.ca

Investor Relations
Janet Weiss
Tel: 403 319-3591
investor@cpr.ca









LIF.UN - <span class="simulate_din_font">Labrador Iron Ore Royalty Corporation - Cash Distribution for the First Quarter of 2012 - $0.25 Per Stapled Unit and Special Dividend - $0.125 Per Stapled Unit</span> (CAD 0.125)

Company: Labrador Iron Ore Royalty Corporation
Stock Name: LIF.UN
Amount: CAD 0.125
Announcement Date: 27/02/2012
Record Date: 29/03/2012

Dividend Detail:




TORONTO, Feb. 27, 2012 /CNW/ - The Directors of Labrador Iron Ore
Royalty Corporation declared today a regular quarterly cash
distribution of $0.25 per Stapled Unit, comprising a $0.117 interest
payment on subordinated notes and a $0.133 common share dividend. The
Directors also declared a special dividend of $0.125 per common share
for a total distribution of $0.375 per Stapled Unit. All amounts are
payable to holders of record at the close of business on March 31, 2012
and to be paid on April 25, 2012.



For further information:

Bruce C. Bone
President & Chief Executive Officer
(416) 863-7133
E-mail-investor.relations@labradorironore.com









OTT.UN - <span class="simulate_din_font">Otelco Declares Distribution Payment to IDS Holders</span> (CAD 0.1763)

Company: Otelco Inc Inc Dep Sec[1 Cl'A'&
Stock Name: OTT.UN
Amount: CAD 0.1763
Announcement Date: 27/02/2012
Record Date: 13/03/2012

Dividend Detail:




ONEONTA, AL, Feb. 27, 2012 /CNW/ - Otelco Inc. (NASDAQ: OTT) (TSX:
OTT.un), a wireline telecommunication services provider in Alabama,
Maine, Massachusetts, Missouri, NewHampshire, Vermont and West
Virginia, today announced that its Board of Directors has declared a
distribution of $0.42 per Income Deposit Security (each an "IDS"),
which will be made on March 30, 2012, to holders of record at the close
of business on March 15, 2012. The distribution represents the
twenty-ninth consecutive quarterly distribution since the company
completed its initial public offering in December 2004.



Each IDS is comprised of one share of Common Stock paying dividends at
the direction of the Board of Directors and $7.50 principal amount of
13% senior subordinated notes due 2019 with interest paid quarterly.
The senior subordinated notes are callable at a premium of 6.5% plus
accrued interest during 2012, with the premium declining by 1.3% per
year through 2016.



The distribution consists of a dividend of $0.17625 per share of common
stock and an interest payment on the senior subordinated notes for the
period from December 30, 2011, through March 29, 2012, of $0.24375 per
note. Currently, it is anticipated that a portion of the Company's
dividends will be qualified dividends and the balance will be treated
as a return of capital for shareholder tax purposes in 2012.



ABOUT OTELCO

Otelco Inc. provides wireline telecommunications services in Alabama,
Maine, Massachusetts, Missouri, New Hampshire, Vermont and West
Virginia. The Company's services include local and long distance
telephone, network access, transport, digital high-speed data lines and
dial-up internet access, cable television and other telephone related
services. With more than 102,000 voice and data access lines, which are
collectively referred to as access line equivalents, Otelco is among
the top 25 largest local exchange carriers in the United States based
on number of access lines. Otelco operates ten incumbent telephone
companies serving rural markets, or rural local exchange carriers. It
also provides competitive retail and wholesale communications services
through several subsidiaries. For more information, visit the
Company's website at www.OtelcoInc.com.



For further information:

Curtis Garner
Chief Financial Officer
Otelco Inc.
205-625-3571
Curtis@otelcotel.com









CJT - <span class="simulate_din_font">Cargojet Increases Dividend by 5.2%</span> (CAD 0.142)

Company: Cargojet Inc.
Stock Name: CJT
Amount: CAD 0.142
Announcement Date: 27/02/2012
Record Date: 16/03/2012

Dividend Detail:




MISSISSAUGA, ON, Feb. 27, 2012 /CNW/ - the Board of Cargojet Inc. (the
"Corporation") (TSX: CJT, CJT.A) announced today that it has increased
its annualized dividend rate by 5.2% from $0.540 to $0.568 per common
voting share and variable voting common voting share effective January
1
, 2012. Additionally, the Board of the Corporation announced today a
cash dividend of $0.142 per share for the period from January 1, 2012
to March 31, 2012. The dividend will be paid to all shareholders of
record as at the close of business on March 20, 2012 and will be
payable on or before April 5, 2012.



Cargojet is Canada's leading provider of time sensitive overnight air
cargo services. Cargojet operates its network across North America each
business night, utilizing a fleet of twelve all-cargo aircraft.






Notice on Forward Looking Statements:



Certain statements contained herein constitute "forward-looking
statements". Forward-looking statements look into the future and
provide an opinion as to the effect of certain events and trends on the
business. Forward-looking statements may include words such as
"plans," "intends," "anticipates," "should," "estimates," "expects,"
"believes," "indicates," "targeting," "suggests" and similar
expressions. These forward-looking statements are based on current
expectations and entail various risks and uncertainties. Reference
should be made to the issuer's most recent Annual Information Form
filed with the Canadian securities regulators, and its most recent
Annual Consolidated Financial Statements and Quarterly Financial
Statements and Notes thereto and related Management's Discussion and
Analysis (MD&A), for a summary of major risks. Actual results may
materially differ from expectations, if known and unknown risks or
uncertainties affect our business, or if our estimates or assumptions
prove inaccurate. The issuer assumes no obligation to update or revise
any forward-looking statement, whether as a result of new information,
future events or any other reason, other than as required by applicable
securities laws. In the event the issuer does update any
forward-looking statement, no inference should be made that the issuer
will make additional updates with respect to that statement, related
matters, or any other forward-looking statement.



For further information:

P. Dhillon
Vice President Marketing, Public & Government Relations
Tel: (905) 501-7373
pdhillon@cargojet.com









Friday, February 24, 2012

LOK - <span class="simulate_din_font">Look Communications Announces Return of Capital to Shareholders</span> (CAD 0.005)

Company: Look Communications Inc. Mv
Stock Name: LOK
Amount: CAD 0.005
Announcement Date: 24/02/2012
Record Date: 02/03/2012

Dividend Detail:




TORONTO, Feb. 24, 2012 /CNW/ - Look Communications Inc. ("Look" or the "Company") (NEX: LOK.H; LOK.K) today announced that it will distribute an
aggregate amount of $6,985,076.20 to the holders of its multiple voting
shares and subordinate voting shares, on a pro rata basis, as a return
of capital. Based on the number of multiple voting shares and
subordinate voting shares outstanding on the date of this news release,
shareholders will receive $0.05 for each multiple voting share and
subordinate voting share held.



The record date for determining holders of multiple voting shares and
subordinate voting shares who are entitled to receive the distribution
has been fixed as March 6, 2012. The Company expects that payment of
the distribution will be made to registered holders of multiple voting
shares and subordinate voting shares on or about March 13, 2011.



Forward-Looking Statements



Certain statements contained in this news release constitute
forward-looking information within the meaning of applicable Canadian
securities laws. The words "may", "attempt", "expect", "will" and
similar expressions are intended to identify forward-looking
information. Such information reflects Look's current views with
respect to future events and are subject to certain risks,
uncertainties and assumptions. Many factors could cause actual results
that may be expressed or implied by such forward-looking statements to
vary from those described herein should one or more of these risks or
uncertainties materialize, including, among others, Look's ability to
pay the return of capital in a timely manner or at all and the tax
consequences to any particular shareholder of the return of capital.
Except as required by law, Look does not assume any obligation to
update or revise the forward looking statements contained in this news
release to reflect actual events or new circumstances.



Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.



For further information:

Grant McCutcheon, Director, Look at (416) 613-8222