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Distributions

Enbridge Energy Management (or EEQ) pays quarterly distributions in the form of additional shares. The distributions are comparable in value to the quarterly cash distributions paid by Enbridge Energy Partners (or EEP). 

Specifically, the distribution of additional EEQ shares is determined by dividing the cash value of a distribution declared by Enbridge Energy Partners by the average closing price of EEQ shares for the ten consecutive trading days prior to the ex-dividend date.

Distributions declared by the Board of Directors are distributed to shareholders of record 45 days after the end of each calendar quarter. The payment date is moved forward if the 45-day mark falls on a weekend or holiday.

Projected Distribution Dates 

2010   Q1  Q2  Q3  Q4  Payment Date  Feb 12 May 14 Aug 13 Nov 12 Record Date  Feb 05 May 07 Aug 05 Nov 04 Ex-Dividend Date  Feb 03 May 05 Aug 03 Nov 02 Declaration Date  Jan 29 Apr 28 Jul 23 Oct 27

All future dates are tentative and distributions are not made until approved by the Board of Directors. 

To be entitled to a declared distribution, investors must have purchased shares at least one business day in advance of the ex-dividend date. Commencing on the ex-dividend date, shares trade without entitlement to the recently declared distribution. 

Record date is the date upon which an investor must be registered as a shareholder in order to receive a declared distribution. Declaration date is the date upon which the Board of Directors declares a distribution. 

 

Distributions by Date of Payment 

Q1  Q2  Q3  Q4  2010  1.8983 1.9438 1.8489 -- 2009  3.2818 2.8651 2.3484 2.0939 2008  1.8527 1.8491 2.0237 2.8383 2007  1.8031 1.5919 1.6358 1.8134 2006  1.9485 2.1296 2.0785 1.8785 2005  1.8251 1.8454 1.6920 1.8038 2004  1.8783 2.0120 2.1077 2.1032 2003  2.4455 2.3217 1.9838 1.9909 2002  -- -- -- 2.5406

Amounts in table represent new shares paid-in-kind for every 100 EEQ shares outstanding on record date. Yield is the effective compound yield of total distributions paid in the year. Distributions, which are declared and paid in arrears, are shown in table based on payment date.