Freehold Royalty Trust

Freehold Royalty Trust

March 17, 2005 13:53 ET

Freehold Royalty Trust Announces Cash Distribution for April 15, 2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: FREEHOLD ROYALTY TRUST

TSX SYMBOL: FRU.UN

MARCH 17, 2005 - 13:53 ET

Freehold Royalty Trust Announces Cash Distribution for
April 15, 2005

CALGARY, ALBERTA--(CCNMatthews - March 17, 2005) - Freehold Royalty
Trust ("Freehold") (TSX:FRU.UN) announces that the regular monthly cash
distribution in the amount of Cdn $0.12 (twelve cents) per Trust Unit
will be paid on April 15, 2005 to Unitholders of record on March 31,
2005 (ex-distribution date March 29, 2005). Including the April 15, 2005
payment, the twelve-month trailing cash distributions total Cdn $1.77
per Trust Unit.

For Canadian tax purposes, Freehold estimates that cash distributions
paid to Unitholders during the 2005 taxation year will be approximately
25% tax deferred ("return of capital") and approximately 75% taxable
("other income").

Freehold is a Calgary-based oil and gas royalty trust that provides
monthly cash distributions to Unitholders. Monthly distributions are
supplemented by quarterly top-ups when excess funds are available. More
than 85% of distributions to Unitholders comes from mineral title and
gross overriding royalties, the majority of which Freehold owns in
perpetuity. Freehold currently has an interest in over 17,000 oil and
gas wells in western Canada. The Trust Units trade on the Toronto Stock
Exchange in Canada under the symbol FRU.UN.

Forward-Looking Statements - Certain information set forth in this
document, including management's assessment of Freehold's future plans
and operations, contains forward-looking statements. By their nature,
forward-looking statements are subject to numerous risks and
uncertainties, some of which are beyond Freehold's control, including
the impact of general economic conditions, industry conditions,
volatility of commodity prices, currency fluctuations, imprecision of
reserve estimates, environmental risks, competition from other industry
participants, the lack of availability of qualified personnel or
management, stock market volatility and ability to access sufficient
capital from internal and external sources. Readers are cautioned that
the assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
imprecise and, as such, undue reliance should not be placed on
forward-looking statements. Freehold's actual results, performance or
achievement could differ materially from those expressed in, or implied
by, these forward-looking statements. No assurance can be given that any
of the events anticipated will transpire or occur, or if any of them do
so, what benefits Freehold will derive from them. Freehold disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or
otherwise.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Freehold Royalty Trust
    Karen Taylor
    Manager, Investor Relations
    (403) 221-0891 or Toll-free: 1-888-257-1873
    (403) 221-0888 (FAX)
    Email: ir@freeholdtrust.com
    Website: www.freeholdtrust.com