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Gold/Mining/Energy : Canadian REITS, Trusts & Dividend Stocks -- Ignore unavailable to you. Want to Upgrade?

To: David Culver who wrote (380)	6/13/2000 11:07:00 PM
From: Scott Mc	Respond to of 11633

Pretty Healthy distributions here, note they just raised them in May and now again in June, the cash must just be pouring in.. Primewest increases monthly distribution rate to 16 cents PrimeWest Energy Trust PWI.IR Shares issued 24,900,000 1899-12-30 close $0 Tuesday Jun 13 2000 Mr. Kent MacIntyre reports The company has confirmed its regular monthly cash distribution of 10 cents per trust unit and announced that its special distribution rate of three cents per trust unit per month previously announced on May 11, 2000, will be increased to six cents per trust unit. This monthly distribution totaling 16 cents per trust unit will be paid commencing July 15, 2000, to all unitholders of record on June 30, 2000. The ex-distribution date is June 28, 2000. PrimeWest expects to continue paying the six cents special distribution monthly until at least January, 2001. "Continued strength in commodity prices has allowed us to increase our payout to unitholders," said Kent MacIntyre, vice chairman and chief executive officer. "At the same time, we continue to prudently manage our balance sheet by maintaining debt levels at comfortable levels." With the regular and extra distributions in July, PrimeWest will have paid a total of $1.38 per trust unit during the previous 12-month period (August, 1999, through July, 2000), and $4.39 per trust unit since inception in October, 1996.