PrimeWest Energy Trust Announces Distribution Level for May 2004
05 April 2004 - 11:42PM
PR Newswire (US)
PrimeWest Energy Trust Announces Distribution Level for May 2004
CALGARY, April 5 /PRNewswire-FirstCall/ -- (TSX: PWI.UN; PWX; NYSE:
PWI) - PrimeWest Energy Trust (PrimeWest) today announces that the
distribution payable May 14th, 2004 will be $0.25 Canadian per
trust unit payable to all unitholders of record on April 22nd,
2004. The ex-distribution date will be April 20th, 2004. Using a
Canadian dollar to U.S. dollar exchange ratio of 1.31, this
distribution amount would be approximately U.S.$0.19. 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. PrimeWest is a Calgary-based
conventional oil andgas royalty trust that actively acquires,
develops, produces, and sells natural gas, crude oil, and natural
gas liquids for the generation of monthly cash distributions to
unitholders. Trust units of PrimeWest are traded on the Toronto
Stock Exchange (TSX) under the symbol "PWI.UN" and on the New York
Stock Exchange under the symbol "PWI". Exchangeable shares of
PrimeWest Energy Inc. are listed on the TSX under the symbol "PWX".
Learn more about PrimeWest on our Web site,
http://www.primewestenergy.com/. DATASOURCE: PrimeWest Energy Trust
CONTACT: George Kesteven, Manager, Investor Relations,
403-699-7367, Cindy Gray, Investor Relations Advisor, 403-699-7356,
Toll-free: 1-877-968-7878, e-mail:
Copyright