ENERGY TRUSTS / December Distribution for NCE Energy Trust TSE/ME
(NCA.UN) Five Cents ($0.05) Per Unit
TORONTO, ONTARIO--John Driscoll, President of NCE Resources Group,
has announced the distribution for the month of December, 1998,
for NCE Energy Trust.
NCE Energy Trust
NCE Energy Trust is an income trust designed to acquire oil and
gas properties primarily through the acquisition of oil and gas
companies. The resulting cash flow from these properties flows
back to the unitholders on a tax-deferred basis.
Distribution details
The distribution details are:
- The distribution for December 1998 is five cents ($0.05) per
unit.
- The distribution is payable on December 31, 1998, to holders of
record on December 17, 1998.
- The total value of the December distribution is $165,547.
- NCE Energy Trust's distributions are $0.91 per unit during the
past 12 months.
Price on TSE
NCE Energy Trust trades on the Montreal Exchange and The Toronto
Stock Exchange. The price for NCE Energy Trust on The Toronto
Stock Exchange at the close of the market, December 14, 1998, was
$3.50 per unit.
NCE Resources Group
NCE Energy Trust is a member of NCE Resources Group. NCE
Resources Group was formed in 1984 as an oil and gas investment
management organization. NCE investment funds have interests in
over 5,000 wells. NCE employs approximately 130 people in the
areas of engineering, land management, marketing, geology,
accounting, finance and investor relations. It provides a full
range of technical, operational, administrative and investor
services.
|
