March 30 (Reuters) - Inter Pipeline Ltd IPL.TO :
* INTER PIPELINE ANNOUNCES REDUCTION TO MONTHLY CASH DIVIDEND, SUSPENSION OF DIVIDEND REINVESTMENT PLAN AND BUSINESS UPDATE
* INTER PIPELINE - APPROVED 72% REDUCTION TO MONTHLY CASH DIVIDEND FROM $0.1425 PER SHARE TO $0.04 PER SHARE OR $0.48 PER SHARE ON AN ANNUALIZED BASIS