UNG.PR.C - <span class="simulate_din_font">Union Gas Declares Dividends</span> (CAD 0.69)

Company: Union Gas 5-1/2% Pr
Stock Name: UNG.PR.C
Amount: CAD 0.69
Announcement Date: 03/11/2011
Record Date: 30/11/2011

Dividend Detail:

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CHATHAM, ON, Nov. 3, 2011 /CNW/ - On November 3, 2011, Union Gas Limited declared the following quarterly dividends:

1. 
   5% Cumulative Redeemable Class A Preference Shares, Series A: A quarterly dividend of 69 cents per share payable on December 31,
   2011 to shareholders of record at the close of business on December 2,
   2011.
   


2. 
   6% Cumulative Redeemable Class A Preference Shares, Series B: A quarterly dividend of 75 cents per share payable on December 31, 2011
   to shareholders of record at the close of business on December 2, 2011.
   


3. 
   5% Cumulative Redeemable Class A Preference Shares, Series C: A quarterly dividend of 62.5 cents per share payable on December 31,
   2011 to shareholders of record at the close of business on December 2,
   2011.
   

All 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 pursuant to Subsection 89 (14) 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.

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 distribution business serves 1.3 million
residential, commercial and industrial customers in more than 400
communities across northern, southwestern and eastern Ontario. Union
Gas's growing storage and transmission business offers premium storage
and transportation services to customers at the Dawn Hub, the largest
underground storage facility in Canada and one of the largest in North
America. It 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. Union Gas, one of Canada's Top
100 Employers for 2011 and 2012, is a Spectra Energy (NYSE: SE) company with assets of $5.6 billion and approximately 2,200 employees.
For more information, visit uniongas.com.

For further information:

CONTACT:

Andrea Stass
Manager, External Communications and Media Relations, Union Gas Limited
Ph: 519 436-5490 or 1-800-571-8446 ext. 5490
Cell: 519 365-1010
Fax: 519 436-4621
astass@uniongas.com