Provident Energy Trust

Provident Energy Trust

January 10, 2006 16:43 ET

Provident Energy Announces January 2006 Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - Jan. 10, 2006) - Provident Energy Trust (TSX:PVE.UN) (NYSE:PVX) (Provident) today announced its January cash distribution will be CDN$0.12 per unit payable on February 15, 2006. January's distribution is consistent with the monthly distributions paid to unitholders since November 2003.

January's distribution will be paid to unitholders of record on January 23, 2006. The ex-distribution date will be January 19, 2006. For unitholders receiving their distribution in U.S. funds, the January 2006 cash distribution will be approximately US$0.10 per unit based on an exchange rate of 0.8553. The actual U.S. dollar distribution will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

Provident Energy Trust is a Calgary-based, open-ended energy income trust that owns and manages an oil and gas production business and a natural gas liquids midstream services and marketing business. Provident's energy portfolio is located in some of the most stable and predictable producing regions in Western Canada, Southern California and Wyoming. Provident provides monthly cash distributions to its unitholders and trades on the Toronto Stock Exchange and the New York Stock Exchange under the symbols PVE.UN and PVX, respectively.

Contact Information

  • Provident Energy Trust
    Laurie Stretch
    Senior Manager, Investor Relations and Communications
    Phone: (403) 231-6710
    Corporate Head Office:
    800, 112 - 4th Avenue S.W.
    Calgary, Alberta T2P 0H3
    (403) 296-2233 or Toll Free: 1-800-587-6299
    (403) 294-0111 (FAX)