Petrofund Energy Trust
AMEX : PTF
TSX : PTF.UN

Petrofund Energy Trust

November 07, 2005 17:00 ET

Petrofund Energy Trust Confirms Cash Distribution for November 2005

CALGARY, ALBERTA--(CCNMatthews - Nov. 7, 2005) - Petrofund Energy Trust (TSX:PTF.UN) (AMEX:PTF) confirmed today a November cash distribution of C$0.17 per unit. This distribution announcement is consistent with the guidance provided in the press release dated September 14th, 2005.

The applicable dates for the November distribution are listed below:



------------------------------------------------------------------------
Distribution Record Date Ex-Distribution Date Payable Date
------------------------------------------------------------------------
C$0.17 per unit November 16th, November 14th, November 30th,
2005 2005 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 $1.1888 / US$1.00, the November distribution would be US$0.1430 per unit (before deduction of withholding taxes). Non-registered unitholders will receive their distributions through their brokers.

Petrofund's 12-month aggregate trailing distributions (November 2005 inclusive) are C$1.94 per unit, which represents a cash-on-cash yield of 9.08% per year based on the closing price of $21.37 per unit on the Toronto Stock Exchange on November 4th, 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, that 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 contain forward-looking statements relating to future events or future performance. In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "projects", "plans", "anticipates" and similar expressions. These statements represent management's expectations or beliefs concerning, among other things, future operating results and various components thereof affecting the economic performance of the Trust. Undue reliance should not be placed on these forward-looking statements which are based upon management's assumptions and are subject to known and unknown risks and uncertainties, including the business risks discussed above, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted.



PETROFUND ENERGY TRUST

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)
    Email: info@petrofund.ca
    Website: www.petrofund.ca
    or
    Petrofund Energy Trust
    Chris Dutcher
    Director, Business Development
    (403) 218-8625