Energy Plus Income Trust

Energy Plus Income Trust

January 23, 2007 09:30 ET

Energy Plus Income Trust Announces Distribution

CALGARY, ALBERTA--(CCNMatthews - Jan. 23, 2007) - Energy Plus Income Trust (TSX:EPF.UN) (the "Fund") reports the distribution to unitholders of record at the close of business on January 31, 2007 and payable February 15, 2007 is $0.0833 Cdn per trust unit.

At the commencement of each fiscal year the Fund reviews its estimate of the distributions it expects to receive from its portfolio of royalty trust investments for the current fiscal year. In January 2006 the Fund increased its monthly distribution from $0.0833 per trust unit to $0.10 per trust unit based on its estimates at such time. As a result of anticipated reductions in the distributions payable by issuers in the Fund's portfolio, the Fund has elected to reduce its monthly distribution back to its initial rate of $0.0833 per trust unit.

Throughout the month of December 2007, Energy Plus repurchased 66,800 trust units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at January 18, 2007, the Fund's net asset value was $8.06 Cdn per trust unit. The current portfolio consists of 77% oil & gas royalty trusts, 9% oil & gas service trusts, and 14% energy corporations.

Contact Information

  • Energy Plus Income Trust
    Joe MacDonald
    Executive Vice President, Sales and Marketing