ENERGY TRUSTS / NCE Diversified Income Trust (NCD.UN) May
Distribution 2.4 cents ($0.024) per unit
TSE, ME SYMBOL: NCD.UN
MAY 28, 1998
TORONTO, ONTARIO--
John Driscoll, President of NCE Resources Group, announced today
the distribution for the month of May, 1998 for NCE Diversified
Income Trust.
NCE Diversified Income Trust
NCE Diversified Income Trust is a closed-end trust with the
objective of maximizing distributions to unitholders by investing
in energy-related royalty and income trusts, and to a lesser
extent, other investment trusts.
- The distribution for May, 1998 is 2.4 cents ($0.024) per unit.
- The distribution is payable on June 5, 1998, to holders of
record on May 29, 1998.
- Distributions are paid monthly.
- Total distributions since inception of the Trust are $0.48 per
unit.
NCE Diversified Income Trust Trading Information
- NCE Diversified trades on The Toronto Stock Exchange and the
Montreal Exchange under the symbol NCD.UN.
- The price for NCE Diversified on The Toronto Stock Exchange at
the close of market on May 27, 1998, was $3.85.
- The Net Asset Value Per Unit (NAVPU) as of May 22, 1998, was
$4.85.
- NCE Diversified has a monthly distribution reinvestment plan.
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Top 10 holdings
As at April 30, 1998, the top ten holdings in the portfolio by
market value weighting were:
1. ARC Energy Trust
2. Canadian Oil Sands Trust
3. Northland Power Income Fund
4. Superior Propane Income Fund "Installment Receipts"
5. NAL Oil & Gas Trust
6. Prime West Energy Trust
7. Pembina Pipeline Income Fund
8. Enermark Income Fund
9. Orion Energy Trust
10. Pengrowth Energy Trust IR
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NCE Resources Group
NCE Resources Group was formed in 1984 as an oil and gas
investment management organization. It provides a full range of
technical, operational, administrative and investor services. NCE
investment funds have investor capital under management of $800
million from over 40,000 unitholders and have interests in over
5,000 oil and gas wells. The company employs approximately 130
people in the areas of engineering, land management, marketing,
geology, accounting, finance and investor relations. Total oil and
gas production ranks NCE among the top 30 oil and gas companies in
Canada.
Hours of service (x):
Monday - Thursday 8 am- 8 pm (EST)
Friday 8 am - 6 pm (EST)
(x) except on Canadian statutory holidays
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