Stock Name: AET.UN
Amount: CAD 1.05
Announcement Date: 22/08/2012
Record Date: 29/08/2012
Dividend Detail:
CALGARY, Aug. 22, 2012 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) confirms its August 2012 distribution.�� The cash distribution to be
paid on September 24, 2012, in respect of the stub period from and
including August 10 to August 31, 2012, for unitholders of record on
August 31, 2012 will be $0.0621 per trust unit.�� This equates to a
monthly distribution rate of $0.0875 per trust unit.�� The
ex-distribution date is August 29, 2012.
The annualized distribution of $1.05 per trust unit represents a
cash-on-cash yield of approximately 10.55% based on the closing price
of our trust units on the Toronto Stock Exchange on August 21, 2012 of
$9.95.1 The Trust expects to implement a Distribution Reinvestment Plan later in
2012.
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 Trust
For further information:
Brian Prokop
Chief Executive Officer
Argent Energy Trust
(403) 770-4807
Sean Bovingdon
Chief Financial Officer
Argent Energy Trust
(403) 770-4803
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