Pengrowth Energy Trust announces cash distribution for May 15, 2005
April 21 2005 - 6:04PM
PR Newswire (US)
Pengrowth Energy Trust announces cash distribution for May 15, 2005
Stock Symbol: (PGF.A / PGF.B) - TSX; (PGH) - NYSE CALGARY, April 21
/PRNewswire-FirstCall/ -- Pengrowth Corporation ("Pengrowth"),
administrator of Pengrowth Energy Trust ("Trust"), announced today
that the cash distribution for May 15, 2005 will be Cdn $0.23 per
trust unit. The distribution is net of amounts withheld to finance
capital expenditures. The ex-distribution date is April 28, 2005.
The distribution will be payable to all unitholders who hold Class
A or Class B trust units on the record date of May 2, 2005. The
distribution of Cdn $0.23 per trust unit is equivalent to
approximately U.S. $0.19 per trust unit using a U.S./Canadian
dollar exchange ratio of 1.2391. The actual U.S. dollar equivalent
distribution will be based upon the actual U.S./Canadian exchange
rate applied on the payment date, net of applicable Canadian
withholding taxes. This distribution relates to the production
month of March, 2005. Cash distributions paid over the past 12
months now total Cdn $2.69 per trust unit or approximately U.S.
$2.14 per trust unit. PENGROWTH CORPORATION James S. Kinnear,
President DATASOURCE: Pengrowth Energy Trust CONTACT: about
Pengrowth, please visit our website http://www.pengrowth.com/ or
contact: Investor Relations, E-mail: , Telephone: (403) 233-0224,
Toll Free: 1-800-223-4122, Facsimile: (403) 294-0051, Investor
Relations, Toronto, Toll Free: 1-888-744-1111, Facsimile: (416)
362-8191
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