Pengrowth Energy Trust Reveals Cash Distribution for September
Pengrowth Corporation, administrator of Pengrowth Energy Trust, has announced its September 15, 2009 cash distribution will be Cdn $0.10 per trust unit. The distribution is net of amounts withheld to partially finance capital expenditures and preserve financial flexibility. The ex-distribution date is August 27, 2009. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of August 31, 2009.
The distribution of Cdn $0.10 per trust unit is equivalent to approximately U.S. $0.09191 per trust unit using a U.S./Canadian dollar exchange ratio of 0.9191. The actual U.S. dollar equivalent distribution will be based upon the actual U.S./Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of July 2009. Cash distributions paid over the past 12 months now total Cdn $1.84 per trust unit or approximately U.S. $1.57 per trust unit.