Provident Energy Trust

Provident Energy Trust

July 05, 2005 16:15 ET

Provident Energy Announces July Cash Distribution

CALGARY, ALBERTA--(CCNMatthews - July 5, 2005) - Provident Energy Trust (Provident) (TSX:PVE.UN) (AMEX:PVX) today announced its July cash distribution will be CDN$0.12 per unit payable on August 15, 2005. July's distribution is consistent with the distribution paid to unitholders since November 2003.

July's distribution will be paid to unitholders of record on July 20, 2005. The ex-distribution date will be July 18, 2005. For unitholders receiving their distribution in U.S. funds, the July 2005 cash distribution will be approximately US$0.10 per unit based on an exchange rate of 0.8044. 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 trust that owns and manages oil and gas production businesses and a midstream services business. Provident's energy portfolio is located in some of the more 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 American Stock Exchange under the symbols PVE.UN and PVX, respectively.

Contact Information

  • Provident Energy Trust
    Patricia Lew
    Investor Relations and Communication Analyst
    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) 261-6696 (FAX)