Enerplus (NYSE:ERF)
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CALGARY, Nov. 30 /CNW/ --
CALGARY, Nov. 30 /CNW/ - Enerplus Resources Fund ("Enerplus") (TSX -
ERF.un, NYSE - ERF) is pleased to announce that a cash distribution in
the amount of CDN$0.18 per unit will be payable on December 20, 2010 to
all Enerplus Unitholders of record on December 10, 2010. The
ex-distribution date for this payment is December 8, 2010.
The CDN$0.18 per unit distribution is equivalent to approximately
US$0.18 per unit if converted using a Canadian/US dollar exchange ratio
of 1.02. The U.S. dollar equivalent distribution will be based upon the
actual Canadian/US exchange rate applied on the payment date and will
be net of any Canadian withholding taxes that may apply.
Holders of Enerplus Exchangeable Limited Partnership Class B units of
record on December 10, 2010 will be eligible to receive a distribution
of CDN$0.0765 per unit on December 20, 2010 based on the exchange ratio
of 0.425 of an Enerplus trust unit for each Enerplus Exchangeable
Limited Partnership Class B unit.
Electronic copies of our financial statements, press releases, and other
public information are available on our website at www.enerplus.com.
Gordon J. Kerr
President & Chief Executive Officer
Enerplus Resources Fund
Except for the historical and present factual information contained
herein, the matters set forth in this news release, including words
such as "expects", "projects", "plans" and similar expressions, are
forward-looking information that represents management of Enerplus'
internal projections, expectations or beliefs concerning, among other
things, future operating results and various components thereof or the
economic performance of Enerplus. The projections, estimates and
beliefs contained in such forward-looking statements necessarily
involve known and unknown risks and uncertainties, which may cause
Enerplus' actual performance and financial results in future periods to
differ materially from any projections of future performance or results
expressed or implied by such forward-looking statements. These risks
and uncertainties include, among other things, those described in
Enerplus' filings with the Canadian and U.S. securities authorities.
Accordingly, holders of Enerplus Trust Units and potential investors
are cautioned that events or circumstances could cause results to
differ materially from those predicted.
%CIK: 0001126874
pplease contact Investor Relations at 1-800-319-6462 or e-mail a href="mailto:investorrelations@enerplus.com"investorrelations@enerplus.com/a/p