Inter Pipeline Announces 2013 Tax Information for Partnership Distributions

Inter Pipeline Announces 2013 Tax Information for Partnership Distributions 
CALGARY, ALBERTA -- (Marketwired) -- 09/24/13 -- Inter Pipeline Ltd.
("Inter Pipeline") (TSX:IPL) announced today the following tax
information in relation to cash distributions declared to unitholders
from January 2013 to August 2013 while Inter Pipeline was structured
as a limited partnership. Additional tax information relating to
Inter Pipeline as a corporation, for the period September 2013 to
December 2013, will be provided in early 2014.  
Tax Information 
From January 2013 to August 2013, Inter Pipeline Fund declared cash
distributions totalling $0.7475 per unit. The 2013 taxable portion
amounts to $0.08423 per unit or 11.27% of total cash distributions.
The return of capital component in 2013 was $0.66327 per unit or
Unitholders holding Class A units within a tax-free savings account,
registered retirement savings plan, registered retirement income
fund, deferred profit sharing plan, registered education savings plan
or other similar type of deferral plan should not report any income
related to cash distributions on their 2013 income tax return. Class
A units held outside a deferred plan are taxable.  
Unitholders should be aware that their participation in Inter
Pipeline Fund's historical Premium Distribution(TM) and Distribution
Reinvestment Plan does not relieve them of any liability for Federal
and Provincial income taxes in Canada arising from these
distributions, whether re-invested or received as cash.  
A breakdown of Inter Pipeline Fund's January to August 2013
distributions is illustrated in the following table: 

                                       Percent of Total                     
                                     Cash Distributions                     
                                               Declared  $ per Class A unit 
Eligible Dividends                              3.21472%           $0.02403 
Foreign Interest Income                        12.06421             0.09018 
Gross Capital Loss                             (0.57124)           (0.00427)
Carrying Charges                               (3.43946)           (0.02571)
Total taxable portion                          11.26823%           $0.08423 
Return of Capital                              88.73177             0.66327 
Total distributions declared                  100.00000%           $0.74750 

Pursuant to the corporate conversion that occurred in September 2013,
unitholders received one common share of Inter Pipeline in exchange
for each Class A unit held. Former unitholders may elect to exchange
Class A units for common shares, from a Canadian federal income tax
perspective, on a tax-deferred rollover basis. A tax election form
must be properly completed and submitted to Inter Pipeline on or
before December 1, 2013 in order to realize the tax-deferred
rollover. The tax election form and other additional tax information
is available on our website at Unitholders are
advised to consult their own tax advisors as to their particular
income tax situation.  
(TM) Denotes trademark of Canaccord Genuity Corp. 
Tax Forms 
If unitholders registered their Class A units directly with Inter
Pipeline's registrar and transfer agent, Computershare Trust Company
of Canada (Computershare), then Computershare will be responsible for
completing and mailing the T5013 or Releve 15 tax form. If
unitholders held their Class A units beneficially through a brokerage
firm, then the brokerage firm will be responsible for completing and
mailing the T5013 or Releve 15 form. Both the T5013 and Releve 15
forms should be mailed to unitholders on or before March 31, 2014.  
Inter Pipeline is not responsible for completing or mailing
individual T5013 or Releve 15 tax forms. 
Inter Pipeline Ltd. 
Inter Pipeline is a major petroleum transportation, bulk liquid
storage and natural gas liquids extraction business based in Calgary,
Alberta, Canada. Inter Pipeline owns and operates energy
infrastructure assets in western Canada, the United Kingdom, Denmark,
Germany and Ireland. Additional information about Inter Pipeline can
be found at 
Common shares trade on the Toronto Stock Exchange under the symbol
Certain information contained herein may constitute forward-looking
statements that involve risks and uncertainties. Readers are
cautioned not to place undue reliance on forward-looking statements.
Such information, although considered reasonable by Inter Pipeline at
the time of preparation, may later prove to be incorrect and actual
results may differ materially from those anticipated in the
statements made. For this purpose, any statements that are not
statements of historical fact may be deemed to be forward-looking
statements. Forward-looking statements often contain terms such as
"may", "will", "should", "anticipate", "expects" and similar
expressions. Such risks and uncertainties include, but are not
limited to, risks associated with operations, such as loss of
markets, regulatory matters, environmental risks, industry
competition, potential delays and cost overruns of construction
projects, including the Corridor pipeline system expansion project,
and the ability to access sufficient capital from internal and
external sources. You can find a discussion of those risks and
uncertainties in Inter Pipeline's securities filings at The forward-looking statements contained in this news
release are made as of the date of this document, and, except to the
extent required by applicable securities laws and regulations, Inter
Pipeline assumes no obligation to update or revise forward-looking
statements made herein or otherwise, whether as a result of new
information, future events, or otherwise. The forward-looking
statements contained in this document are expressly qualified by this
cautionary note. 
All dollar values are expressed in Canadian dollars unless otherwise
Inter Pipeline Ltd. - Investor Relations:
Jeremy Roberge
Vice President, Capital Markets
403-290-6015 or 1-866-716-7473 
Inter Pipeline Ltd. - Media Relations:
Tony Mate
Director, Corporate and Investor Communications
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