Canetic Resources Trust announces monthly distribution
CALGARY, Nov. 14 /CNW/ - (CNE.UN - TSX; CNE - NYSE)- Canetic Resources
Trust is pleased to announce that a cash distribution of C$0.23 per trust unit
will be paid on December 15, 2006 to unitholders of record on November 30,
2006. The trust units of Canetic will commence trading on an ex-distribution
basis on November 28, 2006. Using a Canadian to U.S. dollar exchange rate of
$0.88, the distribution amount is approximately U.S $0.20 per Trust Unit. The
actual U.S. dollar equivalent distribution for unitholders who hold units
through a brokerage firm will be based upon the U.S./Canadian exchange rate in
effect on the payment date, net of applicable Canadian withholding taxes.
Registered unitholders are paid directly by Canetic's transfer agent,
Computershare, and the distribution will be based on the U.S./Canadian
exchange rate as of the date of record, net of applicable Canadian withholding
taxes.
As indicated in our third quarter financial results released November 9,
2006, Canetic currently anticipates maintaining the current $0.23 per unit
distribution for the balance of the year.
Canetic is one of Canada's largest oil and gas royalty trusts. Canetic
trust units and debentures are listed on the Toronto Stock Exchange under the
symbols CNE.UN, CNE.DB.A, CNE.DB.B, CNE.DB.C, CNE.DB.D, and CNE.DB.E and the
trust units are listed on the New York Stock Exchange under the symbol CNE.
For further information, please see the website at www.canetictrust.com or
contact Canetic investor relations by email at: Info@canetictrust.com or toll
free telephone at 1-877-539-6300. |
