PVX - Provident Energy Trusts Declares September Distribution of .06 per share unit
CALGARY, ALBERTA--(Marketwire - Sept. 11, 2009) -
All values are in Canadian dollars and conversions of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated.
Provident Energy Trust (Provident) (TSX
VE.UN)
(NYSEVX) today announced that its September cash distribution of
$0.06 per unit is payable on October 15, 2009 and will be paid to unitholders of record on September 22, 2009. The ex-distribution date will be September 18, 2009.
The Trust's current annualized cash distribution rate is $0.72 per
trust unit. Based on the current annualized cash distribution rate and
the TSX closing price on September 10, 2009 of $5.80, Provident's yield
is approximately 12 percent.
For unitholders receiving their distribution in U.S. funds, the September 2009 cash distribution will be approximately US$0.06 per unit based on an exchange rate of 0.9249. The actual U.S. dollar distribution will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.
All values are in Canadian dollars and conversions of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated.
Provident Energy Trust (Provident) (TSX
VE.UN)
(NYSEVX) today announced that its September cash distribution of
$0.06 per unit is payable on October 15, 2009 and will be paid to unitholders of record on September 22, 2009. The ex-distribution date will be September 18, 2009.
The Trust's current annualized cash distribution rate is $0.72 per
trust unit. Based on the current annualized cash distribution rate and
the TSX closing price on September 10, 2009 of $5.80, Provident's yield
is approximately 12 percent.For unitholders receiving their distribution in U.S. funds, the September 2009 cash distribution will be approximately US$0.06 per unit based on an exchange rate of 0.9249. The actual U.S. dollar distribution will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.
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