Baytex Energy Trust
TSX : BTE.UN
NYSE : BTE

Baytex Energy Trust

December 10, 2010 09:01 ET

Baytex Energy Trust Announces Receipt of Unitholder Approval for Its Conversion to Corporation

CALGARY, ALBERTA--(Marketwire - Dec. 10, 2010) - Baytex Energy Trust ("Baytex") (TSX:BTE.UN)(NYSE:BTE) is pleased to announce that its unitholders have approved the proposed conversion from an income trust to a corporation to be named Baytex Energy Corp. pursuant to an arrangement under the Business Corporations Act (Alberta) (the "Arrangement"). The Arrangement remains subject to approval by the Court of Queen's Bench of Alberta which is being sought later today. Should all necessary court, stock exchange and other regulatory approvals be received, it is anticipated that the Arrangement will be completed on December 31, 2010.

At the meeting, unitholders also approved the Share Award Incentive Plan of Baytex Energy Corp. A report of the voting results will be available through SEDAR at www.sedar.com and EDGAR at www.sec/gov/edgar.shtml

An archive of the webcast of the meeting may be accessed from Baytex's website at www.baytex.ab.ca.

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 Chief Executive Officer
    (587) 952-3100 or Toll Free Number: 1-800-524-5521
    or
    Baytex Energy Trust
    Derek Aylesworth
    Chief Financial Officer
    (587) 952-3120 or Toll Free Number: 1-800-524-5521
    or
    Baytex Energy Trust
    Brian Ector
    Director, Investor Relations
    (587) 952-3237 or Toll Free Number: 1-800-524-5521
    www.baytex.ab.ca