Petrofund Energy Trust

Petrofund Energy Trust

March 07, 2005 16:30 ET

Petrofund Energy Trust Confirms Cash Distribution for March 2005


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: PETROFUND ENERGY TRUST

TSX SYMBOL: PTF.UN
AMEX SYMBOL: PTF

MARCH 7, 2005 - 16:30 ET

Petrofund Energy Trust Confirms Cash Distribution for
March 2005

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



The applicable dates for the March distribution are listed below:

------------------------------------------------------------------------
Distribution Record Date Ex-Distribution Date Payable Date
------------------------------------------------------------------------
C$0.16 per unit March 16, 2005 March 14, 2005 March 31, 2005
------------------------------------------------------------------------


Note: These dates apply to Petrofund units traded on both the TSX and
AMEX.

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 C$1.2306/US$1.00, the March distribution would be
US$0.1300 per unit (before deduction of withholding taxes).
Non-registered unitholders will receive their distributions through
their brokers.

Petrofund's 12-month aggregate trailing distributions (March 2005
inclusive) are C$1.92 per unit, which represents a cash-on-cash yield of
10.05% per year based on the closing price of 19.10 per unit on the
Toronto Stock Exchange on March 4, 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.


PETROFUND ENERGY TRUST

Jeffery E. Errico

President and Chief Executive Officer

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Petrofund Energy Trust
    Investor Relations
    (403) 218-4736 or Toll Free: 1-866-318-1767
    (403) 539-4300 (FAX)
    Email: info@petrofund.ca
    Website: www.petrofund.ca
    or
    Petrofund Energy Trust
    Chris Dutcher
    Director, Business Development
    (403) 218-8625