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Provident Energy Announces January 2005 Cash Distribution
January 11, 2005
Press Release #01-05
All values are in Canadian dollars unless otherwise
noted.
CALGARY, ALBERTA - Provident Energy Trust (Provident) (TSX-PVE.UN; AMEX-PVX) today announced its January cash distribution will be CDN$0.12 per unit payable on February 15, 2005. January's distribution is consistent with the distribution paid to unitholders since November 2003.
January's distributions will be paid to unitholders of record on January 20, 2005. The ex-distribution date will be January 18, 2005. For unitholders receiving their distribution in U.S. funds, the January 2005 cash distribution will be approximately US$0.10 based on an exchange rate of .8226. 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.
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| Provident Energy Trust is a Calgary-based, open-ended
energy income trust that owns and manages an oil
and gas production business and a midstream services
business. Provident’s energy portfolio is
located in some of the more stable and predictable
producing regions in western Canada and southern California. Provident
provides monthly cash distributions to its unitholders
and trades on the Toronto Stock Exchange and the
American Stock Exchange under the symbols PVE.UN
and PVX, respectively. |
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Investor and Media Contact:
Jennifer Pierce
Senior Manager
Investor Relations and
Communications
Phone (403) 231-6736
Email: info@providentenergy.com
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Corporate Head Office:
700, 112 – 4th Avenue S.W.
Calgary, Alberta, Canada T2P
0H3
Phone: (403) 296-2233
Toll Free: 1-800-587-6299
Fax: (403) 261-6696
www.providentenergy.com |
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