Provident Energy Trust Declares December Cash Distribution
Provident Energy Trust announced that its December cash distribution of C$0.06 per unit is payable on January 15, 2010 and will be paid to unitholders of record on December 22, 2009. The ex-distribution date will be December 18, 2009. The Trust's current annualized cash distribution rate is Ci$0.72 per trust unit. Based on the current annualized cash distribution rate and the TSX closing price on December 10, 2009 of $6.89, Provident's yield is approximately 10 percent.
For unitholders receiving their distribution in U.S. funds, the December 2009 cash distribution will be approximately US$0.06 per unit based on an exchange rate of 0.9507. The actual U.S. dollar distribution will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.