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Provident Energy Ltd. Message Board

  • fav_for_08 fav_for_08 Feb 22, 2010 11:49 AM Flag

    March 11th earnings day

    Provident Energy Trust (Provident) (TSX:PVE.UN - News) (NYSE:PVX - News) today announced that its February cash distribution of $0.06 per unit is payable on March 15, 2010 and will be paid to unitholders of record on February 22, 2010. The ex-distribution date will be February 18, 2010. The Trust's current annualized cash distribution rate is $0.72 per trust unit. Based on the current annualized cash distribution rate and the TSX closing price on February 11, 2010 of $8.47, Provident's yield is approximately 8.5 percent.

    For unitholders receiving their distribution in U.S. funds, the February 2010 cash distribution will be approximately US$0.06 per unit based on an exchange rate of 0.9503. 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.

    <<<<Provident plans to release its 2009 fourth quarter interim and audited 2009 annual financial statements and operating results after markets close on March 11, 2010.>>>>>

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    IMO you will see a run up in PVX'ss pps till the 4th Qtr announcement.

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