Westcoast Energy and Union Gas Declare Dividends

VANCOUVER, May 9, 2013 /CNW/ - On May 9, 2013, Westcoast Energy Inc. declared 
the following quarterly dividends: 
1. 5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7:  A dividend of 
 34.375 cents per share payable on July 15, 2013 to shareholders of 
 record at the close of business on July 1, 2013.
  2. 5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8:  A dividend of 
 35.00 cents per share payable on July 15, 2013 to shareholders of 


     record at the close of business on July 1, 2013.

Also on May 9, 2013, Union Gas Limited declared the following quarterly 
dividends:

  1. 5½% CUMULATIVE REDEEMABLE CLASS A PREFERENCE SHARES, SERIES A:  A
     quarterly dividend of 69 cents per share payable on June 30, 2013
     to shareholders of record at the close of business on June 7,


 2013.
  2. 6% CUMULATIVE REDEEMABLE CLASS A PREFERENCE SHARES, SERIES B:  A 


     quarterly dividend of 75 cents per share payable on June 30, 2013
     to shareholders of record at the close of business on June 7,


 2013.
  3. 5% CUMULATIVE REDEEMABLE CLASS A PREFERENCE SHARES, SERIES C:  A 


     quarterly dividend of 62.5 cents per share payable on June 30,
     2013 to shareholders of record at the close of business on June 7,
     2013.

All dividends paid or deemed paid for Canadian federal, provincial or 
territorial income tax purposes by Westcoast Energy Inc. and Union Gas Limited 
(collectively the "Corporations") including the dividends above are designated 
eligible dividends pursuant to Subsection 89(14) of the Income Tax Act 
(Canada) or similar provincial or territorial legislation. This designation 
will apply to all such dividends paid or deemed paid in the future unless 
otherwise notified by the Corporations. An eligible dividend received by a 
Canadian resident individual shareholder is entitled to the enhanced dividend 
tax credit.

Westcoast Energy Inc. and Union Gas Limited are indirect subsidiaries of 
Spectra Energy Corp.

Spectra Energy Corp (NYSE: SE), a FORTUNE 500 company, is one of North 
America's premier pipeline and midstream companies. Based in Houston, Texas, 
the company's operations in the United States and Canada include more than 
22,000 miles of natural gas, natural gas liquids, and crude oil pipelines, 
approximately 305 billion cubic feet (Bcf) of natural gas storage, as well as 
natural gas gathering and processing, and local distribution operations. The 
company also has a 50 percent ownership in DCP Midstream, the largest producer 
of natural gas liquids and one of the largest natural gas gatherers and 
processors in the United States. Spectra Energy has served North American 
customers and communities for more than a century. The company's longstanding 
values are recognized through its inclusion in the Dow Jones Sustainability 
World and North America Indexes and the Carbon Disclosure Project's Global 500 
and S&P 500 Carbon Disclosure Leadership Indexes. For more information, visit 
www.spectraenergy.com.

Media:Rosemary Silva Spectra Energy (604.488.8147)

SOURCE: Westcoast Energy Inc.

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/May2013/09/c5522.html

CO: Union Gas Ltd.
ST: British Columbia
NI: DIV 

-0- May/09/2013 20:18 GMT


 
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