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Pengrowth Energy Trust confirms cash distribution for June 15,
2005
Stock Symbol: (PGF.A/PGF.B) - TSX; (PGH) - NYSE
CALGARY, May 20 /PRNewswire-FirstCall/ -- Pengrowth Corporation ("Pengrowth"),
administrator of Pengrowth Energy Trust ("Trust"), today confirmed its June 15,
2005 cash distribution will be Cdn $0.23 per trust unit. The distribution is
net of amounts withheld to finance capital expenditures. The ex-distribution
date is May 27, 2005 for U.S. unitholders and May 30, 2005 for Canadian
unitholders. The distribution will be payable to all unitholders who hold Class
A or Class B trust units on the record dates of May 31, 2005 and June 1, 2005
for U.S. and Canadian unitholders, respectively.
The distribution of Cdn $0.23 per trust unit is equivalent to approximately
U.S. $0.18 per trust unit using a U.S./Canadian dollar exchange ratio of
1.2635. 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 April, 2005. Cash distributions paid over the past 12
months now total Cdn $2.71 per trust unit or approximately U.S. $2.16 per trust
unit.
PENGROWTH CORPORATION
James S. Kinnear, President
DATASOURCE: Pengrowth Energy Trust
CONTACT: 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