PrimeWest Energy Trust Announces Distribution Level for June 2006
MAY 3, 2006 - 17:18 ET
CALGARY, ALBERTA--(CCNMatthews - May 3, 2006) - PrimeWest Energy Trust (TSX:PWI.UN)
(TSX:PWX) (TSX:PWI.DB.A) (TSX:PWI.DB.B) (NYSE:PWI) (PrimeWest) today announces that
the distribution payable June 15, 2006 will be $0.36 per Trust Unit. The ex-distribution
date is May 23, 2006 and the record date is May 25, 2006.
Using a Canadian to U.S. dollar exchange rate of 0.90, the distribution amount is
approximately U.S.$0.32 per Trust Unit. The actual U.S. dollar equivalent distribution
will be based upon the U.S./Canadian exchange rate in effect on the payment date,
net of applicable Canadian withholding taxes.
PrimeWest is a Calgary-based conventional oil and gas royalty trust that actively
acquires, develops, produces and sells natural gas, crude oil and natural gas liquids
for the generation of monthly cash distributions to Unitholders. Trust Units of
PrimeWest are traded on the Toronto Stock Exchange (TSX) under the symbol "PWI.UN"
and on the New York Stock Exchange under the symbol "PWI". Exchangeable Shares of
PrimeWest Energy Inc. are listed on the TSX under the symbol "PWX". Five-year Convertible
Debentures of PrimeWest trade on the TSX under the symbol "PWI.DB.A" and the Seven-year
Convertible Debentures trade under the symbol "PWI.DB.B".
To learn more about PrimeWest, please visit our website at
www.primewestenergy.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
PrimeWest Energy Trust
Diane Zuber
Investor Relations Advisor
(403) 699-7356 or Toll-Free: 1-877-968-7878
Email: investor@primewestenergy.com
Website: www.primewestenergy.com