Enbridge Energy Management, L.L.C. Confirms Amount of Share Distribution for Third Quarter 2007
Posted on: Friday, 2 November 2007, 15:00 CDT
HOUSTON, Nov. 2, 2007 (PRIME NEWSWIRE) -- Enbridge Energy Management, L.L.C. (NYSE:EEQ) ("Enbridge Management") today confirmed that its previously declared share distribution, to be paid on November 14, 2007, will consist of 0.018134 additional shares for each share of record on November 6, 2007.
The distribution of additional Enbridge Management shares is determined by dividing the notional cash value of the declared distribution of $0.95 per share by the average closing price of Enbridge Management shares on the ten consecutive trading days prior to the ex-dividend date.
Enbridge Management (www.enbridgemanagement.com) manages the business and affairs of, and its principal asset is an approximate 14% interest in, Enbridge Energy Partners, L.P., a master limited partnership that owns the U.S. portion of the world's longest liquid petroleum pipeline and is active in natural gas gathering, processing and transmission.
Unitholders of Enbridge Energy Partners, L.P. are scheduled to receive a distribution of $0.95 per common unit paid in cash on November 14, 2007.
This news release was distributed by PrimeNewswire, www.primenewswire.com
CONTACT: Enbridge Energy Management, L.L.C. Investor Relations Contact: Margaret Liu (866) 337-4636 (866) EEQ INFO eeq@enbridge.com
Source: PrimeNewswire
Related Articles
- Enterprise Network Equipment & Network Management Services Market 2007-2010 - Bundled Report
- Vendor Perception In Energy H2 2007 Databook Available Now
- Gain an Understanding of the Evolving Enterprise IT Budgets in Energy in 2007
- Global Energy Drinks 2007 Provides Full Analysis of the World's Leading Energy Drinks Markets
- T-3 Energy Services, Inc. Announces It Will Hold a Conference Call to Discuss Third Quarter 2007 Results On Monday, November 5th At 2:00 P.M. Central Time
- Noble Corporation to Present at the Calyon Energy Conference 2007
- Baker Hughes to Present at the Goldman Sachs Global Energy Conference 2007
- Fluensee Dock Selected By Sun Microsystems to Manage the Distribution of Its IT Equipment for Trade Shows
- Harris Corporation to Provide Video Management and Distribution System for the U.S. Army Combat Training Center
- Sony Announces OpenMG X , Digital Rights Management and Distribution Technology
 |
 |
User Comments (0)
RSS Feeds