ENERGY TRUST / NCE Diversified Income Trust (NCD.UN) June
Distribution 5.5 Cents ($0.055) Per Unit
TSE, ME SYMBOL: NCD.UN
JULY 2, 1998
TORONTO, ONTARIO--John Driscoll, President of NCE Resources Group,
announced today the distribution for the month of June, 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 June, 1998, is 5.5 cents ($0.055) per unit.
- The distribution is payable on July 7, 1998, to holders of
record on June 30, 1998.
- Distributions are paid monthly.
- Distributions for the last 12 months of the Trust were $0.495
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 June 30, 1998, was $3.72.
- The Net Asset Value Per Unit (NAVPU) as of June 25, 1998, was
$4.58
- NCE Diversified has a monthly distribution reinvestment plan.
Top 10 holdings
As at May 29, 1998, the top ten holdings in the portfolio by
market value weighting were:
1. Canadian Oil Sands Trust
2. Superior Propane Income Fund "Installment Receipts"
3. Northland Power Income Fund
4. ARC Energy Trust
5. NAL Oil and 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
The top ten holdings make up 67 percent of the total market value
of long-term securities within the trust.
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 $850
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.
/T/
Hours of service(x)
Monday - Thursday 8 am - 8 pm (EST)
Friday 8 am - 6 pm (EST)
(x) except on Canadian statutory holidays
/T/
|
