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 March 2014 Distribution

Wednesday, March 19, 2014

Argent Energy Trust Confirms March 2014 Distribution

12:21 EDT Wednesday, March 19, 2014


CALGARY, March 19, 2014 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) today announced that the cash distribution to be paid on April 23, 2014, in respect of the period from and including March 1 to March  31, 2014, for unitholders of record on March 31, 2014 will be $0.0875 per trust unit. The ex-distribution date is March 27, 2014.

The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 19.55% based on the closing price of the trust units on the Toronto Stock Exchange on March 18, 2014 of $5.371.

Argent is a mutual fund trust under the Income Tax Act (Canada). 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 or


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

For further information:

For further information concerning this press release, please contact:

Brian Prokop
Co-Chief Executive Officer and President 
Argent Energy Trust
(403) 770-4809

Sean Bovingdon
Chief Financial Officer
Argent Energy Trust
(403) 770-4809

  • The Globe and Mail Newspaper

    Newspaper delivered to your doorstep. subscribe

  • Globe Unlimited

    Digital all access pass across devices. subscribe

  • The Globe and Mail App

    The New Globe and Mail App for iPhone®, iPad® and Apple Watch download

  • Globe2Go

    The digital replica of our newspaper. subscribe

  • Globe eBooks

    A collection of articles by the Globe. subscribe

See all Globe Products

Advertise with us

Your number one partner for reaching Canada's Influential Achievers. learn more

The Globe at your Workplace
Our Company
Secure Service
Customer Service
Advertising Privacy
Globe Recognition
Mobile Apps
Other Sections