ENERGY TRUSTS / NCE Diversified Income Trust (NCD.UN) TSE/ME December
Distribution Six Cents ($0.06) Per Unit
NCE DIVERSIFIED INCOME TRUST
TSE, ME SYMBOL: NCD.UN
JANUARY 8, 1999
TORONTO, ONTARIO--
John Driscoll, President of NCE Resources Group, announced today
the distribution for the month of December, 1998, for NCE
Diversified Income Trust.
- The distribution for December, 1998, is six cents ($0.06) per
unit.
- The distribution will be payable on January 8, 1999, to holders
of record on December 31, 1998.
- The total value of the December distribution is $ 1,338,006.
- Distributions of the Trust for the last 12 months are $0.403 per
unit.
Trading information
NCE Diversified Income Trust trades on The Toronto Stock Exchange
and the Montreal Exchange under the symbol NCD.UN.
- The price for NCE Diversified Income Trust on The Toronto Stock
Exchange at the close of market on January 7, 1999, was $3.05.
- The Net Asset Value Per Unit (NAVPU) as of December 21, 1998,
was $3.66 per unit.
- NCE Diversified has a monthly distribution reinvestment plan.
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, real estate investment trusts (REITs).
Holdings
As at December 21, 1998, the holdings in the portfolio by asset
value weighting were:
1. Superior Propane Income Fund
2. Canadian Oil Sands Trust
3. Northland Power Income Trust
4. Pembina Pipeline Income Fund
5. ARC Energy Trust
6. PrimeWest Energy Trust
7. Pengrowth Energy Trust
8. NAL Oil & Gas Trust
9. Orion Energy Trust
10. H & R Real Estate Investment Trust
11. Luscar Coal Income Fund
12. Enermark Income Fund
13. Riocan REIT
14. Residential Equities REIT
15. RealFund Trust
16. Starcor Energy Trust
17. Labrador Iron Ore Income Fund
18. CAP REIT
19. Morguard REIT
20. Morrison Facilities Income Fund
21. Legacy Hotel REIT
22. CHIP REIT
This represents 100 percent of the portfolio's holdings.
NCE Resources Group
NCE Resources Group is an oil and gas investment management
organization, providing a full range of technical, operational,
administrative and investor services. |
