CALGARY, March 15 /PRNewswire-FirstCall/ -- Focus Energy Trust ("Focus") (FET.UN - TSX) confirms that the monthly cash distribution in respect of March production of Cdn. $0.14 per trust unit and limited partnership unit will be paid on April 16, 2007 to unitholders of record on March 31, 2007. The ex-distribution date is March 28, 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 April 16, 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 April 16, 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.
© 2007 PR Newswire
