From Oct 19 news release from Pwi..regular 10 cent cash
distribution plus 10 cent special distribution monthly, UNTIL the
April 2001 distribution.
""PrimeWest Energy Trust (PrimeWest) confirmed its regular monthly cash
distribution of $0.10 per trust unit and a special distribution of $0.10
per trust unit. This monthly distribution, totaling $0.20 per trust unit,
will be paid on November 15, 2000, to all unitholders of record on October
31, 2000. The ex-distribution date is October 27, 2000.
With the regular and extra distributions in November, PrimeWest will
have paid a total of $1.62 per trust unit during the previous 12-month
period (December 1999 through November 2000), and $5.07 per trust unit
since inception in October 1996.
The company continues to expect to pay a total of 20 cents per trust
unit per month at least until the March 2001-declared distribution for
payment in April 2001.""
also pwi buying back units..
PRIMEWEST ENERGY TRUST - TSE Approves PrimeWest Energy Trust
Normal Course Issuer Bid [260]
Canadian Market News from Market News Publishing, Friday, December 15, 2000 at
11:02
PrimeWest Energy Trust (PrimeWest) confirmed that The Toronto Stock
Exchange has accepted its application, filed on December 14, 2000, for
implementation of a Normal Course Issuer Bid. PrimeWest is implementing
the bid at this time, because it considers that the trading range of its
trust units does not adequately reflect the Trust's value or its future
prospects.
Under terms of the bid, PrimeWest has authorization to purchase for
cancellation up to a maximum number of 2,520,453 trust units, which
represents five percent of the public float of its trust units. There are
currently 50,760,590 trust units issued and outstanding. The bid will
commence on December 19, 2000, and will terminate on December 18, 2001,
unless completed before that time. Purchases made pursuant to the bid will
be made through the facilities of The Toronto Stock Exchange.
During the past 12 months, PrimeWest purchased 263,100 trust units for
cancellation, at an average price of $6.39 per trust unit, for a total of
$1.68 million.
PrimeWest is a Calgary-based oil and gas royalty trust that acquires,
develops, produces and sells crude oil, natural gas, and natural gas
liquids for the generation of cash distributions to unitholders. Trust
units of PrimeWest trade on The Toronto Stock Exchange under the symbol
"PWI.UN".
The information in this new release contains forward-looking statements
with respect to PrimeWest. By their nature, these forward-looking
statements involve risks and uncertainties that could cause actual results
to differ materially from those contemplated by the forward-looking
statements.
Visit the PrimeWest Web site at primewestenergy.com.
TEL: 403-234-6601 Kent MacIntyre, Vice-chairman and CEO
TEL: 403-234-6609 Hugh Gillard, President and Chief Operating Officer
TEL: 403-234-6619 Susan Duncan, Vice-president, Finance
TEL: 403-234-6644 Scott Ranson, Investor Relations and Communications
Internet: primewestenergy.com
(c) Market News Publishing Inc. Tel:(604) 689-1101
All rights reserved. Fax:(604) 689-1106
MarketbyFax(tm) - To get the NEWS as it happens, call (604) 689-3041.
Companies or Securities discussed in this article:
Symbol
Name
TSE:PWI.UN |
