Peyto Energy Trust
TSX : PEY.UN

February 12, 2010 16:46 ET

CORRECTION FROM SOURCE: Peyto Energy Trust Announces 2009 Canadian Tax Information

CALGARY, ALBERTA--(Marketwire - Feb. 12, 2010) -

A release disseminated on February 11, 2010 at 6:01 pm EST contained incorrect information. The corrected and complete version follows below.

Peyto Energy Trust (TSX:PEY.UN) ("Peyto") is pleased to announce the 2009 tax information for unitholders in Canada.

For purposes of the Income Tax Act (Canada), Peyto Energy Trust is a mutual fund trust. Each year, an income tax return is filed by Peyto with taxable income allocated to and taxable in the hands of the unitholders. Cash distributions paid by Peyto are comprised of a return on capital portion (taxable income) and a return of capital (tax deferred) portion. The return on capital (taxable) portion is calculated and reported on Peyto's T3 return and allocated to each unitholder who received distributions in that taxation year on T3 Supplementary forms, which are mailed to unitholders before March 31 of each year. Registered unitholders will receive a T3 Supplementary form directly from the transfer agent, Valiant Trust Company. Beneficial unitholders will receive a T3 Supplementary form from their broker or other intermediary. The T3 slip will report only the taxable income component. The return of capital (tax deferred) portion reduces the unitholders' cost base of the units. For cash distributions received or receivable by a Canadian resident, outside of a tax-deferred account (RESPs, RRSPs, RRIFs, TFSAs and Pension Plans) in the 2009 taxation year, the split is 85 percent return on capital (taxable) and 15 percent return of capital (tax deferred).

The following table sets out the tax treatment of the Canadian monthly distributions paid and payable in 2009:



Tax
Taxable Deferred
Record Payment Amount Amount Total
Date Date (Income) (Return of Capital) Distribution
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January 31, February 13,
2009 2009 $0.1275 $0.0225 $0.1500
February 28, March 13,
2009 2009 $0.1020 $0.0180 $0.1200
March 31, April 15,
2009 2009 $0.1020 $0.0180 $0.1200
April 30, May 15,
2009 2009 $0.1020 $0.0180 $0.1200
May 31, June 15,
2009 2009 $0.1020 $0.0180 $0.1200
June 30, July 15,
2009 2009 $0.1020 $0.0180 $0.1200
July 31, August 14,
2009 2009 $0.1020 $0.0180 $0.1200
August 31, September 15,
2009 2009 $0.1020 $0.0180 $0.1200
September 30, October 15,
2009 2009 $0.1020 $0.0180 $0.1200
October 31, November 13,
2009 2009 $0.1020 $0.0180 $0.1200
November 30, December 15,
2009 2009 $0.1020 $0.0180 $0.1200
December 31, January 15,
2009 2010 $0.1020 $0.0180 $0.1200
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$1.2495 $0.2205 $ 1.47
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85% 15% 100%
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Tax information for United States unitholders will be announced on or about February 24, 2010.

Certain information set forth in this document, including management's assessment of Peyto's and the Trust's future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond these parties' control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Peyto's and the Trust's actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits that Peyto and the Trust will derive therefrom.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • Peyto Energy Trust
    Darren Gee
    President and Chief Executive Officer
    (403) 237-8911
    www.peyto.com