PrimeWest Energy Trust Announces Distribution Level for June 2007
MAY 3, 2007 - 19:16 ET
CALGARY, ALBERTA--(CCNMatthews - May 3, 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 June 15th, 2007 will be $0.25
per Trust Unit. The ex-distribution date is May 22nd, 2007 and the record date is
May 24th, 2007.
Using a Canadian to U.S. dollar exchange rate of 0.90, the distribution amount is
approximately US$0.225 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.
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
or
PrimeWest Energy Trust
Debbie Carver
Investor Relations Advisor
(403) 699-7464 or Toll Free: 1-877-968-7878
Email: investor@primewestenergy.com
Website: www.primewestenergy.com