CALGARY, March 15 /CNW/ - 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 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.
For further information:
For further information: Derek W. Evans, President and Chief Executive
Officer, Or Bill Ostlund, Senior Vice President and Chief Financial Officer,
Suite 3300, 205 - 5th Avenue S.W., Calgary, Alberta, T2P 2V7, Telephone: (403)
781-8409, Fax: (403)781-8408