Enerplus Resources Fund
Encyclopedia
Enerplus Corporation was established in 1986 and is one of Canada’s oldest and largest independent oil and gas producers offering investors a high yield combined with moderate, profitable growth potential from resource plays across Western Canada and the United States.
Enerplus Corporation trades on both the Toronto Stock Exchange (ERF) and the New York Stock Exchange (ERF) and is an eligible investment for all RRSPs, RESPs, RRIFs, DPSPs and IRAs. Cash dividends are paid on the 20th day of each month to all shareholders of record on or about the 10th day of each month. The dividend amount is not guaranteed and may fluctuate depending upon cash flows, debt levels and capital spending plans.
The Calgary
-based firm was the first Canadian
royalty trust
. Enerplus Corporation converted from Enerplus Resources Fund to a corporate entity on January 1, 2011, after receiving approval by 98.5% of unitholders.
Enerplus Corporation trades on both the Toronto Stock Exchange (ERF) and the New York Stock Exchange (ERF) and is an eligible investment for all RRSPs, RESPs, RRIFs, DPSPs and IRAs. Cash dividends are paid on the 20th day of each month to all shareholders of record on or about the 10th day of each month. The dividend amount is not guaranteed and may fluctuate depending upon cash flows, debt levels and capital spending plans.
The Calgary
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...
-based firm was the first Canadian
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
royalty trust
Royalty trust
A royalty trust is a type of corporation, mostly in the United States or Canada, usually involved in oil and gas production or mining. However, unlike most corporations, its profits are not taxed at the corporate level provided a certain high percentage of profits are distributed to shareholders...
. Enerplus Corporation converted from Enerplus Resources Fund to a corporate entity on January 1, 2011, after receiving approval by 98.5% of unitholders.