CanElson Drilling Inc. has a dividend policy to pay a quarterly dividend of $0.06 per share ($0.24 annually). Canadian resident individuals who receive "eligible dividends" in 2012 and subsequent years will be entitled to an enhanced gross-up and dividend tax credit on such dividends. In accordance with the Canadian federal government's March 22, 2012 budget proposal, CanElson has designated that all dividends paid in 2012 and subsequent years by CanElson Drilling Inc. are "eligible dividends" for these purposes.
