PrimeWest Energy Trust Announces Distribution Level for May 2007
APR 9, 2007 - 17:03 ET
CALGARY, ALBERTA--(CCNMatthews - April 9, 2007) - PrimeWest Energy Trust (TSX:PWI.UN)
(TSX:PWX) (TSX:PWI.DB.A) (TSX:PWI.DB.B) (TSX:PWI.DB.C) (NYSE:PWI) (PrimeWest or
the Trust) announces that the distribution payable May 15th, 2007 will be $0.25
per Trust Unit. The ex-distribution date is April 18th, 2007 and the record date
is April 20th, 2007.
Using a Canadian to U.S. dollar exchange rate of 0.85, the distribution amount is
approximately US$0.21 per Trust Unit. The actual U.S. dollar equivalent distribution
will be based upon the U.S./Canadian dollar exchange rate in effect on the payment
date, net of applicable Canadian withholding taxes.
Unitholders and other interested parties are also reminded that the PrimeWest Annual
General Meeting will be held on Thursday, May 3, 2007 at 10:30 a.m. local time in
the Strand/Tivoli Meeting Room at the Metropolitan Conference Centre in Calgary,
Alberta. For the live webcast and/or replay, interested users of the internet are
invited to go to www.newswire.ca/en/webcast/viewEvent.cgi?eventID=1790800
or the French version at www.cnw.ca/fr/webcast/viewEvent.cgi?eventID=1790800 or access
the webcast at the PrimeWest website,
www.primewestenergy.com.
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". Series I Convertible
Debentures of PrimeWest trade on the TSX under the symbol "PWI.DB.A", Series II
Convertible Debentures trade under the symbol "PWI.DB.B" and Series III Convertible
Debentures trade under the symbol "PWI.DB.C".
To learn more about PrimeWest, please visit our website at www.primewestenergy.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
PrimeWest Energy Trust
George Kesteven
Manager, Investor Relations
(403) 699-7367 or Toll Free: 1-877-968-7878