ENERGY TRUSTS / Pembina Pipeline Income Fund approve Monthly Distributions
CALGARY, April 30 /CNW/ - Pembina Pipeline Income Fund Unitholders
approved Management's proposal to change from a quarterly to a monthly
distribution schedule at the annual meeting of the Fund held earlier today.
The move to monthly payments was introduced to provide Unitholders with a
steady, regular income stream and underscores the stability and predictability
of cash distributions generated by the pipeline operations of the Fund.
Monthly payments will commence with the June 15, 1998 distribution in
respect of the months of April and May and payable to Unitholders of record
May 31, 1998. Monthly distributions are expected to be roughly $0.08 per Unit
reflecting the total forecast cash distributions of $0.95 per Unit for 1998.
1998 Record and Distribution Payments will be as follows:
Record Date Distribution Payment Date
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March 31, 1998 April 15, 1998
May 31, 1998 June 15, 1998
June 30, 1998 July 15, 1998
July 31, 1998 August 14, 1998
August 31, 1998 September 15, 1998
September 30, 1998 October 15, 1998
October 31, 1998 November 16, 1998
November 30, 1998 December 15, 1998
December 31, 1998 January 15, 1999
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