Petrofund Energy Trust

Petrofund Energy Trust

June 07, 2005 16:29 ET

Petrofund Energy Trust Confirms Cash Distribution for June 2005

CALGARY, ALBERTA--(CCNMatthews - June 7, 2005) - Petrofund Energy Trust (TSX:PTF.UN) (AMEX:PTF) confirmed today a June cash distribution of C$0.16 per unit. This distribution announcement is consistent with the guidance provided in the press release dated April 6th, 2005.

The applicable dates for the June distribution are listed below:

Distribution Record Date Ex-Distribution Date Payable Date
C$0.16 per unit June 16th, 2005 June 14th, 2005 June 30th, 2005

Note: These dates apply to Petrofund units traded on both the

Registered unitholders will receive their distributions directly from our transfer agent. Those with US addresses are paid in US currency using the exchange rate in effect on the record date. Based on an exchange rate of $1.2439 / US$1.00, the June distribution would be US$0.1286 per unit (before deduction of withholding taxes). Non-registered unitholders will receive their distributions through their brokers.

Petrofund's 12-month aggregate trailing distributions (June 2005 inclusive) are C$1.92 per unit, which represents a cash-on-cash yield of 10.35% per year based on the closing price of $18.55 per unit on the Toronto Stock Exchange on June 6th, 2005.

Petrofund Energy Trust is a Calgary based royalty trust that acquires and manages producing oil and gas properties in Western Canada. The Trust pays its Unitholders monthly cash distributions, which are derived from the Trust's cash flow from these properties. Petrofund Energy Trust was founded in 1988 and was one of the first oil and gas royalty trusts in Canada.

This news release may include statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. For those statements, we claim the protection of the safe harbor for forward-looking statements provisions contained in the U.S. Private Securities Litigation Reform Act of 1995. Petrofund Energy Trust cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what Petrofund Energy Trust currently foresees. Discussion of the various factors that may affect future results is contained in Petrofund Energy Trust's recent filings with the Securities and Exchange Commission and Canadian securities regulatory authorities.


Jeffery E. Errico
President and Chief Executive Officer

Contact Information

  • Petrofund Energy Trust
    Investor Relations
    (403) 218-4736 or Toll Free: 1-866-318-1767
    (403) 539-4300 (FAX)
    Petrofund Energy Trust
    Chris Dutcher
    Director, Business Development
    (403) 218-8625