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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks
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To: Scott Mc who wrote (591)11/10/2000 9:38:17 AM
From: Scott Mc  Read Replies (1) of 11633
 
Glenn C. Proudfoot, president and chief executive officer, commented:
"Operationally and financially Maximum Energy Trust's assets continue
perform at or above targets set earlier this year. Maximum has continued to
repay debt even subsequent to the completion of our refinancing with the
Alberta Treasury Branches and has reduced bank debt by approximately
$11.3-million or 94 cents per unit so far this year. The outstanding debt
of the trust, net of working capital amounts, now stands at approximately
$19.0-million at quarter end. Our stated goal of resuming unitholder
distributions on Jan. 15, 2001, is well within our reach."
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