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Argent Energy Trust confirms January 2013 distribution
Jan 17, 2013
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
CALGARY, Jan. 17, 2013 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) confirms its January 2013 distribution. The cash distribution to be paid on February 25, 2013, in respect of the period from and including January 1 to January 31, 2013, for unitholders of record on January 31, 2013 will be $0.0875 per trust unit. The ex-distribution date is January 29, 2013.
The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 11.05% based on the closing price of our trust units on the Toronto Stock Exchange on January 16, 2013 of $9.50.1
Argent is a mutual fund trust under the Income Tax Act (Canada) (the "Tax Act"). Argent's objective is to create stable, consistent returns for investors through the acquisition and development of oil and natural gas reserves and production with low risk exploration potential, located primarily in the United States. Material information pertaining to Argent Energy Trust may be found on www.sedar.com or www.argentenergytrust.com.
Unlike fixed income securities, Argent has no obligation to distribute
any fixed amount and reductions in, or suspension of, cash
distributions may occur that would reduce future yield.
SOURCE: Argent Energy Trust