TKE Energy Trust
TSX : TKE.UN

TKE Energy Trust

September 16, 2005 12:55 ET

TKE Energy Trust Announces Exchangeable Share Ratio

CALGARY, ALBERTA--(CCNMatthews - Sept. 16, 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 1.10155 to 1.11333. The increase is effective on September 15, 2005 (the "Effective Date").



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

Record Date of distribution August 31, 2005
Opening Exchange Ratio 1.10155
TKE Energy Trust distribution per Unit paid
September 15, 2005 $0.12

5-day weighted average trading price
(the "Current Market Price")
(including the last business day prior to
distribution payment date) $11.22293

Increase in Exchange Ratio 0.01178
Effective Date of increase in Exchange Ratio September 15, 2005
Exchange Ratio as of the Effective Date 1.11333


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
    or
    TKE Energy Trust
    Gordon K. Case
    Vice President, Finance & Chief Financial Officer
    (403) 264-8875