Pengrowth Energy Trust Declares Jan 2010 Distribution
Pengrowth announced its January 15, 2010 cash distribution will be C$0.07 per trust unit. The distribution is net of amounts withheld to finance capital expenditures and preserve financial flexibility. The ex-distribution date is December 29, 2009. The distribution will be payable to all Pengrowth unitholders who hold trust units on the record date of December 31, 2009.
The distribution of Cdn $0.07 per trust unit is equivalent to approximately US $0.06542 per trust unit using a US/Canadian dollar exchange ratio of 0.9346. The actual US dollar equivalent distribution will be based upon the actual US/Canadian exchange rate applied on the payment date, net of applicable Canadian withholding taxes. This distribution relates to the production month of November 2009. Cash distributions paid over the past 12 months now total C$1.28 per trust unit or approximately US $1.10 per trust unit.