Correction - Canetic Resources Trust confirms monthly distribution
July 17 2007 - 9:00PM
PR Newswire (US)
CALGARY, July 17 /PRNewswire-FirstCall/ -- (CNE.UN - TSX; CNE -
NYSE)- In the news release titled, Canetic Resources Trust Confirms
Monthly Distribution, issued Monday, July 16, 2007, by Canetic
Resources Trust, the monthly ex-distribution date should have read
"July 27, 2007" rather than "July 29, 2007". The amended text
should read as follows: Canetic Resources Trust is pleased to
announce that a cash distribution of C$0.19 per trust unit will be
paid on August 15, 2007 to unitholders of record on July 31, 2007.
The trust units of Canetic will commence trading on an
ex-distribution basis on July 27, 2007. Using a Canadian to U.S.
dollar exchange rate of $0.94, the distribution amount is
approximately U.S. $0.18 per Trust Unit. The actual U.S. dollar
equivalent distribution for unitholders who hold units through a
brokerage firm will be based upon the Canadian to U.S. dollar
exchange rate in effect on the payment date, net of applicable
Canadian withholding taxes. Registered unitholders are paid
directly by Canetic's transfer agent, Computershare, and the
distribution will be based on the Canadian to U.S. dollar exchange
rate as of the date of record, net of applicable Canadian
withholding taxes. Canetic is one of Canada's largest oil and gas
royalty trusts. Canetic trust units and debentures are listed on
the Toronto Stock Exchange under the symbols CNE.UN, CNE.DB.A,
CNE.DB.B, CNE.DB.C, CNE.DB.D, and CNE.DB.E and the trust units are
listed on the New York Stock Exchange under the symbol CNE. For
further information, please see the website at
http://www.canetictrust.com/ or contact Canetic investor relations
by email at: or toll free telephone at 1-877-539-6300. ADVISORY:
Certain information regarding Canetic Resources Trust including
management's assessment of exchange rates, Canadian withholding
taxes and Canetic's distribution policy may constitute
forward-looking statements under applicable securities law and
necessarily involve risks, including, without limitation, risks
associated with oil and gas exploration, development, exploitation,
production, marketing and transportation, loss of markets,
volatility of commodity prices, currency fluctuations, imprecision
of reserve estimates, environmental risks, competition, incorrect
assessment of the value of acquisitions, failure to realize the
anticipated benefits of acquisitions, ability to access sufficient
capital from internal and external sources; failure to obtain
required regulatory approvals, changes in legislation, including
but not limited to tax laws and environmental regulations. As a
consequence, actual results may differ materially from those
anticipated in the forward-looking statements. Readers are
cautioned that the foregoing list of factors is not exhaustive.
Additional information on these and other factors that could affect
Canetic's operations or financial results are included in reports
on file with applicable securities regulatory authorities and may
be accessed through the SEDAR website (http://www.sedar.com/), the
SEC's website (http://www.sec.gov/) or at Canetic's website
(http://www.canetictrust.com/). DATASOURCE: Canetic Resources Trust
CONTACT: Investor Relations, (403) 539-6300, Toll Free -
1-877-539-6300, , http://www.canetictrust.com/
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