|
|
Article: Inter Pipeline Fund Announces November 2009 Cash Distribution.
- Article from:
- Marketwire Canada
- Article date:
- November 5, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
CALGARY, ALBERTA, Nov 5, 2009 (Marketwire via COMTEX) -- Inter Pipeline Fund ("Inter Pipeline") (TSX:IPL.UN) announced today the declaration of a cash distribution of $0.07 per unit for November 2009. This distribution will be paid on or about December 15th to unitholders of record on November 23rd, 2009.
In October 2009, Inter Pipeline announced a 7.1% increase to its monthly cash distribution rate from $0.07 per unit to $0.075 per unit, or $0.90 per unit annualized. The increased rate will commence with December distributions, payable in January 2010. Continued strong performances across all business segments, combined with significant advances in organic ...