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Union Gas Declares Dividends

CHATHAM, ON, Feb. 19, 2014 /CNW/ - Union Gas Limited declared the following quarterly dividends:

  1. 5½% Cumulative Redeemable Class A Preference Shares, Series A:  A quarterly dividend of 68 cents per share payable on March 31, 2014 to shareholders of record at the close of business on March 7, 2014.

  2. 6% Cumulative Redeemable Class A Preference Shares, Series B: A quarterly dividend of 75 cents per share payable on March 31, 2014 to shareholders of record at the close of business on March 7, 2014.

  3. 5% Cumulative Redeemable Class A Preference Shares, Series C:  A quarterly dividend of 62.5 cents per share payable on March 31, 2014 to shareholders of record at the close of business on March 7, 2014.

All dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid on or after Jan. 1, 2006 by Union Gas Limited including these dividends are designated eligible dividends within the meaning of 89 (1) 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.

About Union Gas
Union Gas has over 100 years of experience in the natural gas acquisition, storage, distribution and transmission business and has safely owned and operated the only existing Ontario-based LNG plant in Hagar since 1968. The storage and transmission business offers a variety of storage and transportation services to customers at the Dawn Hub, the fastest growing liquid market hub in North America, with the largest underground storage facility in Canada and one of the largest in North America.  The Dawn Hub 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. One of Canada's Top 100 Employers for 2014, Union Gas is a Spectra Energy (NYSE: SE) company with assets of $5.8 billion and approximately 2,200 employees. For more information, visit uniongas.com or find us on Twitter: twitter.com/uniongas, Facebook: facebook.com/uniongas and YouTube: youtube.com/user/uniongas.

About Spectra Energy
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 the largest natural gas processor 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 CDP Global 500 and S&P 500 Climate Disclosure and Performance Leadership Indexes. For more information, visit www.spectraenergy.com.

SOURCE Union Gas Limited

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