APF Energy Trust Announces $0.25 Monthly Distribution
Trust also to participate in investor conferences
CALGARY, Sept. 18 /CNW/ - APF Energy Trust announces that its next
monthly distribution will be $0.25 per trust unit, comprised of the basic
$0.20 payment and an additional $0.05. Payment will be made on October 15,
2001, to unitholders of record on September 30, 2001. The ex-distribution date
is September 26, 2001. With this distribution, APF will have paid $2.65 per
unit during the first ten months of 2001.
"Given our second and third quarter acquisitions, as well as current
commodity prices, we were happy that we had the capacity to add $0.05 to our
basic monthly payment of $0.20", commented Martin Hislop, President & C.E.O.
of APF Energy Management Inc.
Mr. Hislop also announced that APF is participating in a series of
investor conferences in Montreal, Toronto and Halifax next week. "Given the
tremendous growth we have experienced during the year, we thought it would be
a good opportunity to get out and talk about our operating and financial
results, as well as our plans for the future". Further details regarding the
investor conferences are available on APF's website by clicking on
"Presentations".
APF Energy Trust is a conventional oil and gas royalty trust with
production in Western Canada. Since completing its initial public offering at
$10.00 per unit in December 1996, it has declared distributions of $9.45 per
unit.
The Toronto Stock Exchange has neither approved nor disapproved of the
contents of this news release.
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