Payments Group Holding G... (TG:PGH)
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Pengrowth Energy Trust announces cash distribution for May 15,
2005
Stock Symbol: (PGF.A / PGF.B) - TSX; (PGH) - NYSE
CALGARY, April 21 /PRNewswire-FirstCall/ -- Pengrowth Corporation
("Pengrowth"), administrator of Pengrowth Energy Trust ("Trust"), announced
today that the cash distribution for May 15, 2005 will be Cdn $0.23 per trust
unit. The distribution is net of amounts withheld to finance capital
expenditures. The ex-distribution date is April 28, 2005. The distribution will
be payable to all unitholders who hold Class A or Class B trust units on the
record date of May 2, 2005.
The distribution of Cdn $0.23 per trust unit is equivalent to approximately
U.S. $0.19 per trust unit using a U.S./Canadian dollar exchange ratio of
1.2391. 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 March, 2005. Cash distributions paid over the past 12
months now total Cdn $2.69 per trust unit or approximately U.S. $2.14 per trust
unit.
PENGROWTH CORPORATION
James S. Kinnear, President
DATASOURCE: Pengrowth Energy Trust
CONTACT: about Pengrowth, please visit our website
http://www.pengrowth.com/ or contact: Investor Relations, E-mail:
, Telephone: (403) 233-0224, Toll Free:
1-800-223-4122, Facsimile: (403) 294-0051, Investor Relations, Toronto, Toll
Free: 1-888-744-1111, Facsimile: (416) 362-8191