MONTREAL, QC--(Marketwired - November 24, 2016) - Valener Inc. ("Valener")
(TSX: VNR) (TSX: VNR.PR.A) today announced that its Board of
Directors declared a quarterly dividend of $0.28 per common share, payable on January 16, 2017, to shareholders of record at the
close of business on December 31, 2016.
The Board of Directors also declared a quarterly dividend of $0.271875 per Series A preferred share, payable on January 16,
2017, to shareholders of record at the close of business on January 9, 2017.
Both dividends are designated as eligible dividends for Canadian tax purposes.
Dividend Reinvestment Plan
Valener offers a Dividend Reinvestment Plan (the "Plan") pursuant to which eligible common shareholders may elect, without
brokerage and administration fees, to have the cash dividends paid on their common shares automatically reinvested into
additional Valener common shares at a discount of 2% of the weighted average price during the five trading days immediately
preceding the dividend payment date, as approved by the Board of Directors for the dividend payable on January 16, 2017.
Details of the Plan and the enrolment process are available in the "Investors" section of Valener's Web site under "Shares and dividends".
About Valener
Valener is a widely held public company that serves as the investment vehicle in Gaz Métro. Through its investment in Gaz
Métro, Valener offers its shareholders a solid investment in a diversified and largely regulated energy portfolio in Québec and
Vermont. As a strategic partner, Valener, on the one hand, contributes to Gaz Métro's growth, and on the other, invests in wind
power production in Québec alongside Gaz Métro. Valener favours energy sources and uses that are innovative, clean, competitive
and profitable. Valener's common and preferred shares are listed on the Toronto Stock Exchange under the "VNR" symbol for common
shares and under the "VNR.PR.A" symbol for Series A preferred shares.
Photos, videos (b-roll) and logos are available in Gaz Métro's Multimedia
library.