NAL Oil & Gas Trust

NAL Oil & Gas Trust

April 09, 2009 11:28 ET

NAL Oil & Gas Trust Announces April Distribution and Annual Meeting Details

CALGARY, ALBERTA--(Marketwire - April 9, 2009) - NAL Oil & Gas Trust (the "Trust" or "NAL") (TSX:NAE.UN) will pay a distribution of $0.09 per unit on May 15, 2009, to Unitholders of record on April 22, 2009. The units will begin trading on an ex-distribution basis on April 20, 2009.

The current monthly distribution annualized totals $1.08 per unit, and represents a 14.7% cash-on-cash yield based on the April 9, 2009 closing unit price of $7.34.

NAL Oil & Gas Trust's Board of Directors sets distribution levels taking into consideration commodity prices, forecast cash flow of the Trust, financial market conditions, availability of financing, internal capital investment opportunities and taxability.

NAL is also pleased to announce that the Annual General Meeting of the Trust is to be held at 3:00pm MDT on Wednesday May 20, 2009 in the Strand/Tivoli room at the Metropolitan Centre in Calgary, Alberta.

NAL Oil & Gas Trust provides investors with a yield-oriented opportunity to participate in the Canadian Upstream Conventional Oil and Gas Industry. The Trust generates monthly cash distributions for its Unitholders by pursuing a strategy of acquiring, developing, producing and selling crude oil, natural gas and natural gas liquids from pools in southeastern Saskatchewan, central Alberta, northeastern British Columbia and Lake Erie, Ontario. Trust units trade on the Toronto Stock Exchange under the symbol "NAE.UN".

Contact Information

  • NAL Oil & Gas Trust
    Clayton Paradis
    Manager, Investor Relations
    (403) 294-3620 or Toll Free: 1-888-223-8792
    (403) 515-3407 (FAX)