CALGARY, April 12 /PRNewswire-FirstCall/ -- Focus Energy Trust ("Focus") (FET.UN - TSX) announces today that the Board of Directors of FET Resources Ltd. has set the distribution policy for the second quarter of 2007 to continue monthly distributions of $0.14 per trust unit and limited partnership unit. Further, Focus has declared a distribution of $0.14 per trust unit and limited partnership unit to be paid on May 15, 2007 in respect of April production, for unitholders of record on April 30, 2007. The ex-distribution date is April 26, 2007.
Ex-Distribution Distribution Distribution
Record Date Date Payment Date per Unit
----------- --------------- ------------- ---------------
April 30 April 26 May 15, 2007 $0.14
May 31 May 29 June 15, 2007 $0.14 ((x))
June 30 June 27 July 16, 2007 $0.14 ((x))
((x)) Estimated distributions based upon current market outlook and are
subject to change.
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 May 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 May 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.
Forward-Looking Statements - Certain information set forth in this document, including management's assessment of Focus' future plans and operations, contains forward-looking statements. By their nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Focus' control, including the impact of general economic conditions, industry conditions, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other industry participants, the lack of availability of qualified personnel or management, stock market volatility and ability to access sufficient capital from internal and external sources. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Focus' actual results, performance or achievement could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurance can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits Focus will derive therefrom. Focus disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
