Sept 4 (Reuters) - Kinder Morgan (NYSE:KMI) Canada Ltd KML.TO :
* KML SHAREHOLDERS TO RECEIVE TRANS MOUNTAIN TRANSACTION PROCEEDS
* KINDER MORGAN CANADA - RETURN OF CAPITAL TO HOLDERS OF KML'S RESTRICTED VOTING SHARES IS EXPECTED TO BE ABOUT $1.2 BILLION
* KINDER MORGAN CANADA -BOARD UNANIMOUSLY VOTED TO DISTRIBUTE NET PROCEEDS FROM TRANS MOUNTAIN PIPELINE SYSTEM SALE AS RETURN OF CAPITAL TO SHAREHOLDERS
* KINDER MORGAN CANADA LTD - RETURN OF CAPITAL TO HOLDERS OF KML'S RESTRICTED VOTING SHARES IS EXPECTED TO BE ABOUT $11.40 PER RESTRICTED VOTING SHARE
* KINDER MORGAN CANADA LTD - WILL SEEK VOTING SHAREHOLDER APPROVAL TO REDUCE STATED CAPITAL OF KML'S RESTRICTED VOTING SHARES BY $1.45 BILLION
* KINDER MORGAN CANADA LTD - EXPECTS TO MAINTAIN A DIVIDEND OF $0.1625 PER RESTRICTED VOTING SHARE IN Q3
* KINDER MORGAN CANADA LTD - EXPECTS TO PAY AN ANNUAL DIVIDEND OF $0.65 PER EACH POST-REVERSE STOCK SPLIT SHARE
* KINDER MORGAN CANADA - BOARD APPROVED PROPOSAL TO EFFECT REVERSE STOCK SPLIT OF RESTRICTED VOTING SHARES & SPECIAL VOTING SHARES ON 1-FOR-3 BASIS
* KINDER MORGAN CANADA LTD - APPOINTED JOHN SCHLOSSER AS PRESIDENT OF KML
* KINDER MORGAN CANADA LTD - KINDER MORGAN, INC INFORMED KML THAT IT INTENDS TO VOTE ITS SPECIAL VOTING SHARES IN KML IN FAVOR OF PROPOSALS
* KINDER MORGAN CANADA - DOES NOT ANTICIPATE PROPOSED RETURN OF CAPITAL OR REVERSE SPLIT TO HAVE IMPACT ON DIVIDENDS PAYABLE THEREON
* KINDER MORGAN CANADA LTD - EXPECT TO END YEAR WITH LITTLE OR NO DEBT ON BALANCE SHEET
* KINDER MORGAN CANADA LTD - IAN ANDERSON SEPARATED FROM KML TO CONTINUE IN HIS LEADERSHIP ROLES AT TRANS MOUNTAIN UNDER NEW OWNERSHIP
* KINDER MORGAN CANADA - FOR Q4, ANTICIPATE THAT REMAINING ASSETS IN PIPELINES AND TERMINALS SEGMENTS WILL GENERATE ADJUSTED EBITDA OF JUST OVER $50 MILLION