TKE Energy Trust

TKE Energy Trust

August 15, 2005 13:15 ET

TKE Energy Trust Announces Exchangeable Share Ratio

CALGARY, ALBERTA--(CCNMatthews - Aug. 15, 2005) - TKE Energy Trust (TSX:TKE.UN) ("TKE" or the "Trust) is pleased to announce an increase in the ratio for exchanging Exchangeable Shares of TKE Energy Inc. into Units of the Trust (the "Exchange Ratio") from 1.08893 to 1.10155. The increase is effective on August 15, 2005 (the "Effective Date").

The following are the details used in the calculation of the Exchange Ratio:

Record Date of distribution July 31, 2005
Opening Exchange Ratio 1.08893
TKE Energy Trust distribution per Unit
paid August 15, 2005 $ 0.12

5-day weighted average trading price
(the "Current Market Price") $10.35414
(including the last business day prior
to distribution payment date)

Increase in Exchange Ratio 0.01262
Effective Date of increase in Exchange Ratio August 15, 2005
Exchange Ratio as of the Effective Date 1.10155

The increase in the exchange ratio is calculated by multiplying the TKE Energy Trust distribution per Unit by the previous month's exchange ratio and dividing by the Current Market Price of TKE.UN. A holder of TKE Energy Inc. Exchangeable Shares can exchange all or a portion of their holdings at any time for TKE Trust Units by completing a Retraction Request form which can be obtained by contacting Computershare Trust Company of Canada at (403) 267-6894.

Contact Information

  • TKE Energy Trust
    Norman W. Holton
    Chairman & Chief Executive Officer
    (403) 264-8875
    TKE Energy Trust
    Gordon K. Case
    Vice President, Finance & Chief Financial Officer
    (403) 264-8875