Stock Name: VNR
Amount: CAD 0.25
Announcement Date: 10/08/2012
Record Date: 26/09/2012
Dividend Detail:
Valener's Board of Directors approves a dividend of $0.25 per common
share and an initial dividend on Series A preferred shares
MONTREAL, Aug. 10, 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 September 30,
2012. The dividend is payable on October 15, 2012 to shareholders of
record at the close of business on September 28, 2012. It is an
eligible dividend for Canadian tax purposes.
The Board of Directors also declared a first quarterly dividend of
$0.39031 per Series A cumulative rate reset preferred share, for the
period of June 6, 2012 to October 15, 2012, payable on October��15,��2012
to shareholders of record at the close of business on October 12, 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 October 15, 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's
common shares and preferred shares are listed on the Toronto Stock
Exchange under the "VNR" trading symbol for common shares and under the
"VNR.PR.A" symbol for Series A preferred shares. www.valener.com.
SOURCE: VALENER INC.
For further information:
Investors and analysts
Caroline Warren��
Investor Relations
514-598-3324
Media
Catherine Houde
Media and Public Relations
514-598-3449
No comments:
Post a Comment