HOUSTON, Aug. 3, 2005 (PRIMEZONE) -- Enbridge Energy Management, L.L.C. (NYSE:EEQ) ("Enbridge Management") today confirmed that its previously declared share distribution, to be paid on August 12, 2005, will consist of 0.016920 additional shares for each share of record on August 5, 2005.
The distribution of additional Enbridge Management shares is determined by dividing the notional cash value of the declared distribution of $0.925 per share by the average closing price of Enbridge Management shares on the ten consecutive trading days prior to the ex-dividend date.
Enbridge Management (www.enbridgemanagement.com) manages the business and affairs of, and its principal asset is an approximate 18% interest in, Enbridge Energy Partners, L.P., a master limited partnership that owns the U.S. portion of the world's longest liquid petroleum pipeline and is active in natural gas gathering, processing and transmission.
Unitholders of Enbridge Energy Partners, L.P. are scheduled to receive a distribution of $0.925 per common unit paid in cash on August 12, 2005.