Baytex Energy Trust Confirms Monthly Distribution for June at $0.12 Per Unit (Marketwire)
Mon, 15 Jun 2009 20:15:00 Etc/GM
The U.S. dollar equivalent distribution amount is approximately US$0.1074 per trust unit assuming a Canadian to U.S. dollar exchange rate of $0.8947. The actual U.S. dollar equivalent distribution for unitholders who hold through a brokerage firm will be based on the exchange rate in effect on the payment date and net of applicable Canadian withholding taxes. Registered unitholders are paid directly by Baytex's transfer agent, Valiant Trust Company, and the actual U.S. dollar equivalent distribution will be based on the exchange rate in effect on the record date and net of applicable Canadian withholding taxes.
The annualized distribution of $1.44 represents a cash-on-cash yield of approximately 7.2% based on the closing price of Baytex trust units of $19.92 on the TSX on June 12, 2009.
Baytex Energy Trust is a conventional oil and gas income trust focused on maintaining its production and asset base through internal property development and delivering consistent returns to its unitholders. Baytex's trust units are traded on the Toronto Stock Exchange under the symbol BTE.UN and on the New York Stock Exchange under the symbol BTE.
All dollar amounts in this press release are Canadian dollars unless otherwise identified.
Contact:
Contacts:
Baytex Energy Trust
Anthony Marino
President and CEO
(403) 267-0708
Baytex Energy Trust
Derek Aylesworth
Chief Financial Officer
(403) 538-3639
Baytex Energy Trust
Cheryl Arsenault
Investor Relations Representative
(403) 267-0761
Toll Free Number: 1-800-524-5521
Website: http://www.baytex.ab.ca
source: http://biz.yahoo.com/iw/090615/0510805.html