Viking Energy Royalty Trust

Viking Energy Royalty Trust

March 17, 2005 19:21 ET

Calpine Natural Gas Trust Canadian Income Tax Information for 2004


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: VIKING ENERGY ROYALTY TRUST

TSX SYMBOL: VKR.UN

MARCH 17, 2005 - 19:21 ET

Calpine Natural Gas Trust Canadian Income Tax
Information for 2004

CALGARY, ALBERTA--(CCNMatthews - March 17, 2005) - Viking Energy Royalty
Trust (TSX:VKR.UN) ("Viking") announces that for Canadian tax purposes,
distributions declared to Calpine Natural Gas Trust Unitholders in the
2004 taxation year were 16% taxable and 84% return of capital (tax
deferred).

The total amount of distributions per Unit for this period was $1.80. Of
this amount, $0.288 per Unit is a return on capital (taxable) and $1.512
per Unit is a return of capital (tax deferred reduction of Adjusted Cost
Base). Correspondingly, for any Calpine Natural Gas Trust Units that
were held for only a portion of 2004, all distributions declared for the
period January 1, 2004 through December 31, 2004 are to be treated as a
16% taxable and 84% return of capital.

The accompanying table sets out the taxation treatment of the monthly
distributions for 2004:



------------------------------------------------------------------------
Total Taxable ACB
Record Date Distribution Date Per Unit Amount Reduction
------------------------------------------------------------------------
January 30, 2004 February 17, 2004 $ 0.15 $ 0.024 $ 0.126
February 29, 2004 March 15, 2004 $ 0.15 $ 0.024 $ 0.126
March 31, 2004 April 19, 2004 $ 0.15 $ 0.024 $ 0.126
April 30, 2004 May 17, 2004 $ 0.15 $ 0.024 $ 0.126
May 31, 2004 June 15, 2004 $ 0.15 $ 0.024 $ 0.126
June 30, 2004 July 15, 2004 $ 0.15 $ 0.024 $ 0.126
July 30, 2004 August 16, 2004 $ 0.15 $ 0.024 $ 0.126
August 31, 2004 September 15, 2004 $ 0.15 $ 0.024 $ 0.126
September 30, 2004 October 15, 2004 $ 0.15 $ 0.024 $ 0.126
October 29, 2004 November 15, 2004 $ 0.15 $ 0.024 $ 0.126
November 30, 2004 December 15, 2004 $ 0.15 $ 0.024 $ 0.126
December 31, 2004 January 17, 2005 $ 0.15 $ 0.024 $ 0.126
------------------------------------------------------------------------
Total $ 1.80 $ 0.288 $ 1.512
------------------------------------------------------------------------



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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Viking Energy Royalty Trust
    Robert Fotheringham
    VP Finance and CFO
    (403) 268-3175 or Toll Free: 1-877-292-2527
    or
    Viking Energy Royalty Trust
    Diane Phillips
    Investor Relations
    (403) 268-3175 or Toll Free: 1-877-292-2527
    Email: vikingin@viking-roy.com
    Website: www.vikingenergy.com
    or
    Viking Energy Royalty Trust
    Suite 400, 330-5th Avenue S.W.
    Calgary, Alberta, T2P 0L4