Argent Energy Trust confirms September 2012 distribution

CALGARY, Sept. 19, 2012 /CNW/ - Argent Energy Trust ("Argent" or the "Trust") (TSX: AET.UN) confirms its September 2012 distribution. The cash distribution to be paid on October 23, 2012, in respect of the period from and including September 1 to September 30, 2012, for unitholders of record on September 28, 2012 will be $0.0875 per trust unit.  The ex-distribution date is September 26, 2012.

The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 10.26% based on the closing price of our trust units on the Toronto Stock Exchange on September 18, 2012 of $10.23.1

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.

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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:

concerning this press release, please contact: 

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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Argent Energy Trust

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