Dividend Payment Q&A

Payment of dividends will be delivered to the U.S. holders in U.S. Dollars converted at the prevailing exchange rate on the dividend record date.

Q: Why was a U.S. Back-Up Withholding Tax deducted from my Dividend payment?

Registered U.S. Shareholders who have not submitted a W-9 tax form to AST Trust Company (Canada) ("AST") will have seen a 28% U.S. Back-Up Withholding Tax deducted from their Gross Dividend. In order to prevent this back-up withholding from being deducted from future dividends, please complete a W-9 tax form and return to the AST (address listed below).

Beneficial U.S. Shareholders should contact their broker or bank for additional information.

Q: Why was a Non-Resident Tax Deducted from my Dividend Payment?

U.S. Shareholders are entitled to benefits under the Canada-U.S. tax treaty whereby the rate of Canadian withholding tax is reduced to 15% from the standard 25%.

If you incurred a Non-Resident Tax of 25% deducted from your dividend payment, you will need to submit the “Declaration of Eligibility for Benefits under a Tax Treaty for a Non-Resident Taxpayer” (NR301 Tax Form) to AST at the address below (Registered Shareholders only) in order to take advantage of the benefits under the tax treaty outlined above. This form would have been mailed to you back in March and again in April.

You may be eligible to claim a credit or deduction against your local taxes with respect to these Canadian non-resident withholding taxes. Please consult with your tax advisor or accountant for more information.

Beneficial U.S. shareholders should contact their broker or bank for additional information.

Q: I was enrolled in the Dividend Reinvestment Program (DRIP) with Spectra, but received a Dividend cheque from Enbridge?

Legacy Spectra shareholders who were previously enrolled in the DRIP program with Spectra will need to re-enroll into the Enbridge DRIP Program. Information on our program can be found here along with the DRIP Enrollment Form. Please send all completed Enrollment Forms to AST at the address below

Registered Shareholders should return all completed forms to:
AST Trust Company (Canada)
PO BOX 6834
Buffalo NY
14240-9912

Registered Shareholders who require information specific to their account should contact the AST Trust Company (Canada) at 1-800-821-2794.

Beneficial Shareholders who require information specific to their account should contact their Broker or Bank.

Q: I’d like to have my Dividend payments direct deposited and not by cheque. Where can I find the form to set this up?

Registered shareholders can submit a “Request for Electronic Payment of Dividends” Form to the AST Trust Company (Canada) at the address provided on the form to receive future dividends payed directly into their account.

Beneficial shareholders should contact their broker or bank for additional information.

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