Energy Plus Income Trust

Energy Plus Income Trust

March 23, 2009 15:27 ET

Energy Plus Income Trust Announces Distribution

CALGARY, ALBERTA--(Marketwire - March 23, 2009) - Energy Plus Income Trust (TSX:EPF.UN) (the "Fund") reports that due to the distribution cuts by many of the income trusts in the portfolio, the Fund's monthly distribution has been reduced from $0.0833 per unit to $0.0425 per unit. Unitholders of record at the close of business on March 31, 2009 will be paid the distribution of $0.0425 per unit on April 15, 2009.

Throughout the month of February 2009, Energy Plus repurchased 26,800 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at March 19, 2009, the Fund's net asset value was $4.80 Cdn per trust unit. The current portfolio consists of 76% oil & gas royalty trusts, 11% oil & gas service trusts, and 12% energy corporations, and 1% cash and cash equivalents.

Contact Information

  • Energy Plus Income Trust
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    Energy Plus Income Trust
    Andrea Kladar
    Vice President, Sales and Marketing Western Region