The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from CNW Group

Argent Energy Trust Confirms October 2012 Distribution

Friday, October 19, 2012

Argent Energy Trust Confirms October 2012 Distribution16:19 EDT Friday, October 19, 2012CALGARY, Oct. 19, 2012 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) confirms its October 2012 distribution.  The cash distribution to be paid on November 23, 2012, in respect of the period from and including October 1 to October 31, 2012, for unitholders of record on October 31, 2012 will be $0.0875 per trust unit.  The ex-distribution date is October 29, 2012.The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 10.32% based on the closing price of our trust units on the Toronto Stock Exchange on October 18, 2012 of $10.17.1 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.SOURCE: Argent Energy TrustFor further information: For further information concerning this press release, please contact:  Brian Prokop Chief Executive Officer Argent Energy Trust (403) 770-4807 Sean Bovingdon Chief Financial Officer Argent Energy Trust (403) 770-4803