ENERGY TRUSTS / December Distribution for NCE Petrofund TSE/ME
(NCF.UN) Three Cents($0.03) Per Unit
TORONTO ONTARIO--
John Driscoll, President of NCE Resources Group, has announced the
distribution for the month of December, 1998, for NCE Petrofund.
NCE Petrofund
NCE Petrofund is a royalty trust that derives its income from oil
and gas properties in Western Canada and distributes the resulting
cash flow to unitholders on a tax-deferred basis.
Distribution details
The distribution details are:
- The distribution for December 1998 is three cents ($0.03) 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 $1,463,965.
- NCE Petrofund's distributions are $0.48 per unit during the past
12 months.
Price on TSE
NCE Petrofund trades on the Montreal Exchange and The Toronto
Stock Exchange. The price for NCE Petrofund on The Toronto Stock
Exchange at the close of the market, December 14, 1998, was $1.75
per unit.
NCE Resources Group
NCE Petrofund 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.
|
