/C O R R E C T I O N From Source - Pengrowth Energy Trust/
May 24 2005 - 3:04PM
PR Newswire (US)
/C O R R E C T I O N From Source - Pengrowth Energy Trust/ Please
note that in TO067 sent May 20th at 16:35e, "Pengrowth Energy Trust
confirms cash distribution for June 15, 2005", the last sentence of
the first paragraph has been corrected to state that "The
distribution will be payable to all unitholders who hold Class A or
Class B trust units on the record date of June 1, 2005." and not
"...on the record dates of May 31, 2005 and June 1, 2005 for U.S.
and Canadian unitholders, respectively." Correct copy follows.
CALGARY, May 20 /PRNewswire-FirstCall/ -- Pengrowth Corporation
("Pengrowth"), administrator of Pengrowth Energy Trust ("Trust"),
today confirmed its June 15, 2005 cash distribution will be Cdn
$0.23 per trust unit. The distribution is net of amounts withheld
to finance capital expenditures. The ex-distribution date is May
27, 2005 for U.S. unitholders and May 30, 2005 for Canadian
unitholders. The distribution will be payable to all unitholders
who hold Class A or Class B trust units on the record date of June
1, 2005. The distribution of Cdn $0.23 per trust unit is equivalent
to approximately U.S. $0.18 per trust unit using a U.S./Canadian
dollar exchange ratio of 1.2635. 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 April, 2005. Cash distributions paid over the past 12
months now total Cdn $2.71 per trust unit or approximately U.S.
$2.16 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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