DRIP

Dividend Reinvestment Plan

AltaGas has adopted a Premium DividendTM, Dividend Reinvestment and Optional Cash Purchase Plan (“Plan”) for holders of common shares of AltaGas Ltd. (“AltaGas”)

The Plan provides eligible shareholders of AltaGas, with the opportunity to, at their election, either:

  • have their common share dividends reinvested in additional common shares of AltaGas issued at a discount of between 0 and 5 percent to the Average Market Price (as defined in the Plan); or
  • have their common share dividends reinvested in additional common shares of AltaGas issued at a 3 percent discount to the Average Market Price on the applicable dividend payment date and have these additional common shares of AltaGas exchanged under the Premium DividendTM Component of the Plan for a cash payment equal to 101 percent of the reinvested amount.

The Plan allows the Board of Directors of AltaGas to set the discount under the Dividend Reinvestment Component of the Plan at a rate between 0 and 5 percent to the Average Market Price. Until otherwise announced by AltaGas, the Board of Directors of AltaGas have set the discount rate under the Dividend Reinvestment Component of the Plan at 3 percent to the Average Market Price.

Eligible shareholders who are enrolled in the Dividend Reinvestment Component of the Plan also have the opportunity to purchase new common shares of AltaGas at the Average Market Price (with no discount) on the applicable dividend payment date under the Optional Cash Payment Component (the “OCP Component”) of the Plan.

If you wish to participate in the Plan, eligible registered shareholders must enroll directly with Computershare Trust Company of Canada, while eligible beneficial shareholders should contact their broker, investment dealer, financial institution or other nominee through which shares are held, as they must enroll on your behalf.

Participation in the Plan is optional. Eligible shareholders may elect to participate in the Plan commencing with the dividend payable to shareholders of record on May 25, 2016, to be paid on June 15, 2016. A registered eligible shareholder who was enrolled in the Previous Plan will automatically be deemed to be a participant in the Dividend Reinvestment Component of the Plan, without any further action on their part. A beneficial owner of Shares (i.e., a holder of Shares that are not registered in the beneficial owner's name but are instead held through a broker, investment dealer, financial institution or other nominee) who was validly enrolled, through the nominee holder, in the Previous Plan should contact such nominee holder to confirm continued participation in the Dividend Reinvestment Component of the Plan.     

Trustee, Registrar and Transfer Agent

Computershare Trust Company of Canada
100 University Avenue, 8th Floor, North Tower
Toronto, Ontario  M5J 2Y1

Or the National Contact Center at
North America: 1-800-564-6253
Outside of North America: 514-982-7555
Or by visiting www.investorcentre.com/service

TM denotes trademark of Canaccord Genuity Corp.