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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?


To: SofaSpud who wrote (11009)5/29/1998 5:42:00 PM
From: SofaSpud  Read Replies (11) | Respond to of 15196
 
ENERGY TRUSTS / Optus Distribution

OPTUS NATURAL GAS DISTRIBUTION INCOME FUND ANNOUNCES MONTHLY CASH DISTRIBUTION

CALGARY, May 29 /CNW/ - OPTUS Natural Gas Distribution Income Fund
announced today that it will make a monthly cash distribution of $0.1667 per
trust unit on June 16, 1998 to unitholders of record on June 9, 1998. The cash
distribution consists of approximately $0.12175 interest income and $0.04415
dividend.
OPTUS Natural Gas Distribution Income Fund is a Toronto Stock Exchange
listed (OPT.UN) income trust which through Direct Energy Marketing Limited is
Canada's largest independent natural gas marketing company, currently
distributing natural gas to approximately 500,000 residential and small
business customers in Ontario, Manitoba and Quebec. Direct Energy Marketing
Limited supplies approximately 750 mmcf of gas per day to industrial,
institutional and utility customers in North America. OPTUS has no external
term debt and a market capitalization of $250 million.



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For further information: Lawrence S. Portigal, Investor Relations
(403) 266-6393