OT*
NAL Oil & Gas declared 12-cent distribution
NAL Oil & Gas Trust NAE
Shares issued 30,835,241 Jul 17 close $10.12
Thu 18 Jul 2002 News Release
Mr. Donald Driscoll reports
NAL OIL & GAS TRUST ANNOUNCES AUGUST 2002 DISTRIBUTION
NAL Oil & Gas will pay a cash distribution of 12 cents per trust unit on
Aug. 15, 2002, to unitholders of record on July 31, 2002.
With the distribution payment in August, 2002, for the month of July, the
trust will have paid a total of $1.66 per trust unit during the previous
12-month period (Sept. 17, 2001, to Aug. 15, 2002), providing a 16-per-cent
return on investment based on the July 17, 2002, closing price of $10.12.
Since inception in May, 1996, the trust has paid out $9.22 per trust unit.
(c) Copyright 2002 Canjex Publishing Ltd. stockwatch.com
well, so 16% is not much, but good security, not sure tho if I should hold on to it? Any input appreciated
cheers
Eva |
