CALGARY, March 19 /PRNewswire-FirstCall/ -- Penn West Energy Trust ("Penn West") confirms that its March 2007 cash distribution will be CDN$0.34 per trust unit payable on April 13, 2007 to unitholders of record on March 30, 2007. The ex-distribution date is March 28, 2007.
The CDN$0.34 per unit is equivalent to approximately U.S.$0.29 per unit (before deduction of any applicable Canadian withholding tax), using a current U.S./Canadian exchange ratio of 0.85. Registered unitholders with U.S. addresses will receive their distributions directly from our transfer agent, and will be paid in U.S. currency using the exchange rate in effect on the record date. Non-registered U.S. unitholders will receive their distributions through their brokers.
Penn West Energy Trust is a senior oil and natural gas energy trust based in Calgary, Alberta that trades on the Toronto Stock Exchange under the symbol PWT.UN and on the New York Stock Exchange under the symbol PWE.
