Sustainable Production Energy Trust
TSX : SPU.UN

Sustainable Production Energy Trust

March 23, 2009 15:35 ET

Sustainable Production Energy Trust Announces Distribution

CALGARY, ALBERTA--(Marketwire - March 23, 2009) - Sustainable Production Energy Trust (TSX:SPU.UN) reports that due to the distribution cuts by many of the income trusts in the portfolio, the Fund's monthly distribution has been reduced from $0.075 per unit to $0.030 per unit. Unitholders of record at the close of business on March 31, 2009 will be paid the distribution of $0.030 per unit on April 15, 2009.

Throughout the month of February 2009, Sustainable repurchased 22,600 units under its mandatory repurchase program when the Fund traded at a discount greater than 5%.

As at March 19, 2009, Sustainable Production Energy Trust's net asset value was $4.16 Cdn per unit. The current portfolio consists of 87% oil & gas royalty trusts, 11% energy corporations, and 2% cash and cash equivalents.

Contact Information

  • Sustainable Production Energy Trust
    Joe MacDonald
    Executive Vice President, Sales and Marketing
    1-877-261-9674
    or
    Sustainable Production Energy Trust
    Andrea Kladar
    Vice President, Sales and Marketing - Western Region
    1-866-936-7880
    Website: www.citadelfunds.com