Oil Sands Sector Fund

February 01, 2011 16:25 ET

Oil Sands Sector Fund Announces Anticipated Distribution for 2011

TORONTO, ONTARIO--(Marketwire - Feb. 1, 2011) - Oil Sands Sector Fund (TSX:OSF.UN) (the "Fund") is pleased to announce that its quarterly cash distribution for 2011 will be $0.125 per unit or $0.50 per annum.

The Fund determines annually its anticipated quarterly distribution target for the following year. The distribution rate was determined based upon prevailing market conditions and the Manager's estimate of distributable cash flow for the 12 months ending December 31, 2011. This represents an annual yield of 7.62% based on a market price of $6.56 per unit on January 28, 2011. 

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