Union Gas Declares Dividends

CHATHAM, ON, Aug. 7, 2012 /CNW/ - 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 September 30, 2012 to shareholders of record at the close of business on September 7, 2012.
   
2. 6% Cumulative Redeemable Class A Preference Shares, Series B: A quarterly dividend of 75 cents per share payable on September 30, 2012 to shareholders of record at the close of business on September 7, 2012.
   
3. 5% Cumulative Redeemable Class A Preference Shares, Series C:  A quarterly dividend of 62.5 cents per share payable on September 30, 2012 to shareholders of record at the close of business on September 7, 2012.

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.

About Union Gas

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 about 1.4 million residential, commercial and industrial customers in more than 400 communities across northern, southwestern and eastern Ontario. Union Gas, named one of Canada's Top 100 Employers and one of Canada's Greenest Employers for 2012, is a Spectra Energy (NYSE: SE) company with assets of $5.8 billion and approximately 2,200 employees. For more information, visit uniongas.com.

SOURCE: Union Gas Limited