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Provident Energy Announces May Cash Distribution
May 5 , 2005
Press Release #13-05
CALGARY, ALBERTA - Provident Energy Trust (Provident) (TSX-PVE.UN; AMEX-PVX) today announced its May cash distribution will be CDN$0.12 per unit payable on June 15, 2005. May's distribution is consistent with the distribution paid to unitholders since November 2003.
May's distribution will be paid to unitholders of record on May 19, 2005. The ex-distribution date will be May 17, 2005. For unitholders receiving their distribution in U.S. funds, the May 2005 cash distribution will be approximately US$0.10 per unit based on an exchange rate of 0.7996. 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, southern California and Wyoming. 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
Vice President,
Strategy, Performance Management, Investor
Relations and
Communications
Phone (403) 231-6736
Email: info@providentenergy.com
Patricia Lew
Investor Relations and Communication Analyst
Phone: (403) 231-2506
Email: info@providentenergy.com
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Corporate Head Office:
800, 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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