Enerplus Announces Cash Dividend for June 2012

    




 CALGARY, May 29, 2012 /CNW/ - Enerplus Corporation ("Enerplus")   is pleased to announce that a cash dividend in the  amount of CDN$0.18 per share will be payable on June 20, 2012 to all  shareholders of record at the close of business on June 8, 2012. The  ex-dividend date for this payment is June 6, 2012. 

 The CDN$0.18 per share dividend is equivalent to approximately US$0.18  per share if converted using a Canadian per US dollar exchange rate of  0.9765. The U.S. dollar equivalent dividend will be based upon the  actual Canadian/US exchange rate applied on the payment date and will  be net of any Canadian withholding taxes that may be applicable. 

 The dividend paid by us is considered an "eligible dividend" for  Canadian tax purposes. For U.S. income tax purposes, dividends are  considered "qualified dividends". 

 On May 11, 2012 Enerplus shareholders approved the implementation of a  Stock Dividend Program ("SDP") for investors effective June 1, 2012.   The SDP is now available to all shareholders of Enerplus, and replaces  the Dividend Reinvestment Plan ("DRIP") which was only available to  Canadian resident shareholders.  Effective on May 25, 2012, the DRIP  plan was terminated. In order to participate in the new SDP and receive  stock dividends relating to the June 20 dividend payment date,  shareholders must contact their broker or financial intermediary on or  prior to June 4, 2012.  If you are a registered owner, click here to  complete the enrollment form:  https://www.enerplus.com/files/pdf/investor-relations/Enerplus_Stock%20Dividend_Form_E05.pdf.  For more information on the benefits of the SDP please visit our  website at:  http://www.enerplus.com/investor/dividends/stockdividendprogram.cfm. 

 Gordon J. Kerr President & Chief Executive Officer Enerplus Corporation 

 Except for the historical and present factual information contained  herein, the matters set forth in this news release, including words  such as "expects", "projects", "plans" and similar expressions, are  forward-looking information that represents management of Enerplus'  internal projections, expectations or beliefs concerning, among other  things, future operating results and various components thereof or the  economic performance of Enerplus. The projections, estimates and  beliefs contained in such forward-looking statements necessarily  involve known and unknown risks and uncertainties, which may cause  Enerplus' actual performance and financial results in future periods to  differ materially from any projections of future performance or results  expressed or implied by such forward-looking statements. These risks  and uncertainties include, among other things, those described in  Enerplus' filings with the Canadian and U.S. securities authorities.   Accordingly, holders of Enerplus shares and potential investors are  cautioned that events or circumstances could cause results to differ  materially from those predicted. 

Enerplus Corporation


CONTACT:  please call 1-800-319-6462 or [e-mail]. 


    

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