Baytex Energy Trust
TSX : BTE.UN
NYSE : BTE

Baytex Energy Trust

November 08, 2010 20:35 ET

Baytex Energy Trust Announces Filing of Information Circular and Proxy Statement With Respect to Its Conversion to a Corporation

CALGARY, ALBERTA--(Marketwire - Nov. 8, 2010) - Baytex Energy Trust ("Baytex") (TSX:BTE.UN) (NYSE:BTE) is pleased to announce the filing of its Information Circular and Proxy Statement (the "Information Circular") with respect to a special meeting of its unitholders to consider and vote upon the proposed conversion of Baytex to a dividend-paying corporation to be named Baytex Energy Corp.

Copies of the Information Circular have been mailed to unitholders. An electronic copy of the Information Circular may be accessed on Baytex's website at www.baytex.ab.ca, on Baytex's SEDAR profile at www.sedar.com and on Baytex's EDGAR profile at www.sec.gov/edgar.shtml. A printed copy of the Information Circular is available by contacting Investor Relations at (587) 952-3245 or toll free at 1-800-524-5521 or by e-mail at investor@baytex.ab.ca.

A special meeting of unitholders will be held, pursuant to an Interim Order of the Court of Queen's Bench of Alberta, on Thursday, December 9, 2010 at 3:00 p.m. (Calgary time) in the Devonian Room of The Calgary Petroleum Club, 319 – 5th Avenue S.W., Calgary, Alberta. The purpose of the special meeting is to consider and vote upon the proposed conversion of Baytex from a trust structure to a corporate structure pursuant to a plan of arrangement and certain related transactions and to approve a new long-term incentive plan for Baytex Energy Corp. Assuming receipt of all required unitholder, court, stock exchange and other regulatory approvals, Baytex expects that the conversion will be completed on December 31, 2010.

Baytex Energy Trust is a conventional oil and gas income trust focused on maintaining its production and asset base through internal property development and delivering consistent returns to its unitholders. Baytex's trust units are traded on the Toronto Stock Exchange under the symbol BTE.UN and on the New York Stock Exchange under the symbol BTE.

Contact Information

  • Baytex Energy Trust
    Anthony Marino
    President and CEO
    (587) 952-3100 or Toll Free: 1-800-524-5521
    or
    Baytex Energy Trust
    Derek Aylesworth
    Chief Financial Officer
    (587) 952-3120 or Toll Free: 1-800-524-5521
    or
    Baytex Energy Trust
    Brian Ector
    Director of Investor Relations
    (587) 952-3237 or or Toll Free: 1-800-524-5521
    www.baytex.ab.ca