Fording provides updated information regarding unit split
25 August 2005 - 4:02PM
PR Newswire (US)
CALGARY, Aug. 25 /PRNewswire-FirstCall/ -- Fording Canadian Coal
Trust (TSX: FDG.UN, NYSE: FDG) advised that the three-for-one unit
split will be made by way of an amendment to the declaration of
trust which will become effective at 12:01 a.m. on Tuesday,
September 6, 2005. Accordingly, unitholders of record at the close
of business on Friday, September 2, 2005 will receive two
additional units for each unit held at that time. Pursuant to the
rules of the Toronto Stock Exchange, the units will commence
trading on a split basis on the TSX at the opening of business on
Wednesday, August 31, 2005. On that same date, the units listed on
the New York Stock Exchange will commence trading with rights
entitling holders to two additional units for each unit held upon
the commencement of trading of the units on a split basis on the
NYSE. The trading of the units on a split basis on the NYSE will
occur one day after the mailing of unit certificates to registered
holders of the units. It is anticipated that unit certificates
representing the additional units resulting from the unit split
will be mailed to registered unitholders on or about Monday,
September 12, 2005. About Fording Fording Canadian Coal Trust is an
open-ended mutual fund trust. Through investments in metallurgical
coal and industrial minerals mining and processing operations, the
Trust makes quarterly cash distributions to unitholders. The Trust,
through its subsidiaries, holds a 60% interest in the Elk Valley
Coal Partnership and is the world's largest producer of the
industrial mineral wollastonite. Elk Valley Coal Partnership,
comprised of Canada's senior metallurgical coal mining properties,
is the world's second largest exporter of metallurgical coal, and
expects to supply approximately 27 million tonnes of high-quality
coal products to the international steel industry in 2005. The
Trust's shares are traded on the Toronto Stock Exchange under the
ticker symbol FDG.UN and on the New York Stock Exchange under the
symbol FDG. Forward-looking Information Certain information
included in this document is of a forward-looking nature.
Forward-looking information is subject to known and unknown risks,
as well as uncertainties and other factors. Accordingly, actual
results may differ materially from those expressed or implied in
forward-looking information. Some of the risks, uncertainties and
other factors affecting Fording Canadian Coal Trust are discussed
in our public filings with the securities regulatory authorities in
Canada and the United States. Copies of Fording Canadian Coal
Trust's Canadian filings, including our most recent management
information circular, annual information form, annual report,
quarterly reports, material change reports and news releases, are
available online at http://www.sedar.com/, and copies of our U.S.
filings, including our most recent annual report on Form 40-F as
supplemented by filings on Form 6-K, are available at
http://www.sec.gov/. Information in this document is presented as
of August 25, 2005 and is subject to change after this date.
However, Fording Canadian Coal Trust disclaims any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
DATASOURCE: Fording Canadian Coal Trust CONTACT: Susan J.
Soprovich, Director, Investor Relations, (403) 260-9834; Catherine
Hart Investor Relations Analyst, (403) 260-9817; Email: , Website:
http://www.fording.ca/
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