ENERGY TRUSTS / Apollo Gas Distribution
APOLLO GAS INCOME FUND
TORONTO, June 19 /CNW/ - Apollo Gas Income Fund (''Apollo'') announced
today that it has declared a quarterly cash distribution of $0.2040 per unit
or $20.40 per 100 units, payable to unitholders of record on June 30, 1998.
Such distribution is in accordance with the distribution forecasted for the
period ended June 30, 1998 of $20.37 per 100 units disclosed in its prospectus
dated April 23, 1998. Apollo will pay such cash distribution on July 30, 1998.
$0.1394 of the cash distribution per unit represents interest income of Apollo
and $0.0646 of the cash distribution per unit represents a return of capital
on the redemption of Apollo Gas Inc. shares held by Apollo.
The units of Apollo, represented by instalment receipts, are listed on
The Toronto Stock Exchange. Apollo holds shares and notes in Apollo Gas Inc.
which conducts a direct natural gas sale business to commercial and
residential customers in B.C., Alberta, Ontario and Quebec.
-30-
For further information: David Shapira, Executive Vice-President and
Chief Financial Officer of Enershare Management Inc., administrator of Apollo,
at (416) 638-9317 |
