ENERGY TRUSTS / NCE Diversified Income Trust (NCD.UN) July
Distribution 2 Cents ($0.02) Per Unit
TSE, ME SYMBOL: NCD.UN
JULY 27, 1998
TORONTO, ONTARIO--John Driscoll, President of NCE Resources Group,
announced today the distribution for the month of July, 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 July, 1998, is two cents ($0.02) per unit.
- The distribution will be payable on August 10, 1998, to holders
of record on July 31, 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 July 24, 1998, was $3.60. - The Net Asset
Value Per Unit (NAVPU) as of July 23, 1998, was $4.49. - NCE
Diversified has a monthly distribution reinvestment plan.
Top 10 holdings As at June 30, 1998, the top ten holdings in the
portfolio by net asset value weighting were:
1. Superior Propane Income Fund "IR"
2. Canadian Oil Sands Trust
3. Northland Power Income Fund
4. ARC Energy Trust
5. NAL Oil and Gas Trust
6. Pembina Pipeline Income Fund
7. PrimeWest Energy Trust
8. Enermark Income Fund
9. Pengrowth Energy Trust IR
10. Orion Energy Trust
The top ten holdings make up 74.59 percent of the net asset 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.
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