OAK BROOK, IL, April 19 /CNW/ - Primary Energy Recycling Corporation
(TSX: PRI.UN) announced today that a cash distribution of Cdn$ 0.0959 per
enhanced income security ("EIS") of the Issuer will be paid on May 31, 2007 to
holders of record on April 30, 2007.
Each EIS consists of one common share of the Issuer (a "Common Share")
and Cdn$ 2.50 principal amount of 11.75% subordinated note of the Issuer (the
"Subordinated Note"). The EISs trade on the Toronto Stock Exchange under the
symbol PRI.UN. The total distribution of Cdn$ 0.0959 per EIS reflects a cash
distribution of Cdn$ 0.0714 per Common Share and an interest payment of
Cdn$ 0.0245 per Cdn$ 2.50 principal amount of Subordinated Note for the period
from April 1 to April 30, 2007.
The Issuer owns a majority interest in Primary Energy Recycling Holdings
LLC ("Primary Energy"). Primary Energy, headquartered in Oak Brook, Illinois,
indirectly owns and operates four recycled energy projects and a 50% interest
in a pulverized coal facility (collectively, the "Projects"). The Projects
have a combined electrical generating capacity of 283 megawatts and a combined
steam generating capacity of 1.8 MMlbs/hour. Primary Energy creates value for
its customers by capturing and recycling waste energy from industrial and
electric generation processes and converting it into reliable and economical
electricity and thermal energy for its customers' use. For more information,
please visit us at www.primaryenergyrecycling.com .
For further information:
For further information: V. Michael Alverson, Chief Financial Officer,
Primary Energy Ventures, (630) 371-0505, firstname.lastname@example.org