Baytex Energy Trust

Baytex Energy Trust

June 17, 2005 16:01 ET

Baytex Energy Trust Confirms Monthly Distribution at $0.15 Per Unit

CALGARY, ALBERTA--(CCNMatthews - June 17, 2005) - Baytex Energy Trust (TSX:BTE.UN) announces that a cash distribution of $0.15 per unit in respect of June operations will be paid on July 15, 2005 for unitholders of record on June 30, 2005. The ex-distribution date is June 28, 2005.

Baytex has maintained its monthly distributions at $0.15 per unit since its inception in September 2003. The Trust's trailing twelve-month cash distributions, including the June 16, 2005 payment, total $1.80 per trust unit representing a cash-on-cash yield of approximately 13.4% per year based on the June 16, 2005 closing price of $13.40 per trust unit.

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. Trust units of Baytex are traded on the Toronto Stock Exchange under the symbol BTE.UN.

Forward Looking Statements

Certain statements in this press release are forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by Baytex at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors, many of which are beyond the control of Baytex. There is no representation by Baytex that actual results achieved during the forecast period will be the same in whole or in part as those forecast. All dollar amounts in this press release are Canadian dollars unless otherwise identified.

Contact Information

  • Baytex Energy Trust
    Ray Chan
    President & C.E.O.
    (403) 267-0715
    Baytex Energy Trust
    Dan Belot
    Vice-President, Finance & C.F.O.
    (403) 267-0784
    Toll Free Number: 1-800-524-5521