Argent Energy Trust Confirms November 2012 Distribution
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
CALGARY, Nov. 15, 2012 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) confirms its November 2012 distribution. The cash distribution to be paid on December 24, 2012, in respect of the period from and including November 1 to November 30, 2012, for unitholders of record on November 30, 2012 will be $0.0875 per trust unit. The ex-distribution date is November 28, 2012.
The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 11.3% based on the closing price of our trust units on the Toronto Stock Exchange on November 14, 2012 of $9.25.(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.
(1) 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.
Brian Prokop Chief Executive Officer Argent Energy Trust (403) 770-4807
Sean Bovingdon Chief Financial Officer Argent Energy Trust (403) 770-4803
SOURCE: Argent Energy Trust
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CO: Argent Energy Trust ST: Alberta NI: DIV
-0- Nov/15/2012 18:50 GMT