Enbridge Energy Management, L.L.C. Confirms Amount of Share Distribution for Fourth Quarter 2011
(firmenpresse) - HOUSTON, TX -- (Marketwire) -- 02/03/12 -- Enbridge Energy Management, L.L.C. (NYSE: EEQ) ("Enbridge Management") today confirmed that its previously declared share distribution, to be paid on February 14, 2012, will consist of 1.5605 additional shares for each 100 shares of record on February 7, 2012.
The distribution of additional Enbridge Management shares is based on the notional cash value of the declared distribution of $0.5325 per share and the average closing price of Enbridge Management shares for the ten consecutive trading days prior to the ex-dividend date.
Enbridge Energy Management, L.L.C. () manages the business and affairs of, and its principal asset is an approximate 13 percent interest in, Enbridge Energy Partners, L.P.
Enbridge Energy Partners, L.P. () owns and operates a diversified portfolio of crude oil and liquid petroleum transportation and storage assets and natural gas gathering, treatment, processing, transportation and marketing assets in the United States. Its principal crude oil system is the largest transporter of growing oil production from western Canada. The system's deliveries to refining centers and connected carriers in the United States account for approximately 13 percent of total U.S. oil imports; while deliveries to Ontario, Canada satisfy approximately 70 percent of refinery demand in that region. The Partnership's natural gas gathering, treating, processing and transmission assets, which are principally located onshore in the active U.S. Mid-Continent and Gulf Coast area, deliver approximately 2.5 billion cubic feet of natural gas daily.
Investor Relations Contact:
Sanjay Lad
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Datum: 03.02.2012 - 12:17 Uhr
Sprache: Deutsch
News-ID 1079436
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