CALGARY, Feb. 15 /PRNewswire-FirstCall/ -- Focus Energy Trust ("Focus") (FET.UN - TSX) confirms that the monthly cash distribution in respect of February production of Cdn. $0.14 per trust unit and limited partnership unit will be paid on March 15, 2007 to unitholders of record on February 28, 2007. The ex-distribution date is February 26, 2007.
In addition, Focus announces that funds received for reinvestment under the Distribution Reinvestment and Optional Trust Unit Purchase Plan (the "Plan") relating to the distribution payment on March 15, 2007, will be reinvested by issuing trust units from treasury at 95% of the Average Market Price as defined in the Plan. Funds received as Optional Cash Payments under the Plan relating to the distribution payment date of March 15, 2007, will be invested by issuing trust units from treasury at 100% of the Average Market Price as defined in the Plan.
The Plan provides eligible unitholders of Focus trust units the opportunity to accumulate additional trust units by reinvesting their cash distributions paid by Focus and by making optional cash payments for additional trust units. Detailed information about the Plan, including the complete Plan text, authorization forms and Frequently Asked Questions, is available on Focus' website at http://www.focusenergytrust.com/ under Investor Relations - Distribution Reinvestment Plan.
Focus Energy Trust is a natural gas weighted energy trust. Focus is committed to maintaining its emphasis on operating high-quality oil and gas properties, delivering consistent distributions to unitholders, and ensuring financial strength and sustainability.
