On January 16, 2008 PrimeWest Energy and the Abu Dhabi National Energy Company known
as TAQA successfully completed their plan of arrangement. The new entity going forward
will be known as “TAQA North Ltd.”
As a result of the acquisition all traded securities of PrimeWest have been de-listed
from the Toronto and New York Stock Exchanges. TAQA North Ltd. is a privately run
company and is not publicly traded.
Registered holders of PrimeWest Energy Trust units, still in possession of their
investment certificates, must return their certificates with a
"Letter of Transmittal" to Computershare Trust Company of Canada in order
to receive their final payout. Please contact Computershare at 1-800-564-6253 for
assistance with this process.
Tax information for 2007 for PrimeWest Energy Trust and Shiningbank Energy Income
Fund investors both in Canada and the United States is now available (see below).
Former PrimeWest and Shiningbank investors in Canada should expect to receive a
T5 from their broker. Investors in the United States should expect to receive a
Form 1099-DIV for "Qualified Dividends" from their broker. Historical tax information
for previous tax years for PrimeWest and Shiningbank can be found in the investor
archives on this site.
Abu Dhabi National Energy Company PJSC (TAQA) is a global energy company, founded
in 2005, with operations in power generation, desalination, upstream oil/gas, pipelines
and gas storage. TAQA operates from its offices in Abu Dhabi; Ann Arbor, Michigan;
Aberdeen; Amsterdam; The Hague and Calgary with alliance partners across the Gulf,
Middle East, North Africa, Europe, India, Canada, and the United States.
TAQA North Ltd. is a Calgary-based oil and gas exploration company with operations
in Northern Alberta and British Columbia; West Central and Southern Alberta; Southwest
Saskatchewan; Southeast Saskatchewan; and the Northwest Territories.
TAQA carries Aa2 and AA- credit ratings from Moody’s and S&P respectively.
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