PVX - Provident Energy Trusts Declares Monthly Cash Distribution of .06
All values are in Canadian dollars unless otherwise indicated.
Provident Energy Trust (Provident) (TSX
VE.UN) (NYSEVX) today announced that its February cash distribution of $0.06 per unit is payable on March 15, 2010 and will be paid to unitholders of record on February 22, 2010. The ex-distribution date will be February 18, 2010. 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 February 11, 2010 of $8.47, Provident's yield is approximately 8.5 percent.
For unitholders receiving their distribution in U.S. funds, the February 2010 cash distribution will be approximately US$0.06 per unit based on an exchange rate of 0.9503. 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.
Provident plans to release its 2009 fourth quarter interim and audited 2009 annual financial statements and operating results after markets close on March 11, 2010.
Provident Energy Trust (Provident) (TSX
VE.UN) (NYSEVX) today announced that its February cash distribution of $0.06 per unit is payable on March 15, 2010 and will be paid to unitholders of record on February 22, 2010. The ex-distribution date will be February 18, 2010. 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 February 11, 2010 of $8.47, Provident's yield is approximately 8.5 percent.For unitholders receiving their distribution in U.S. funds, the February 2010 cash distribution will be approximately US$0.06 per unit based on an exchange rate of 0.9503. 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.
Provident plans to release its 2009 fourth quarter interim and audited 2009 annual financial statements and operating results after markets close on March 11, 2010.
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