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Monday, November 16, 2009
Vermilion Energy Trust Announces $0.19 Cash Distribution for December 15, 2009 Payment Date and Exchangeable Share Ratio Increase
Comtex
CALGARY, Alberta, Nov 16, 2009 (BUSINESS WIRE) ----Vermilion Energy Trust (VET.UN -- TSX) is pleased to announce the cash distribution of $0.19 per trust unit payable on December 15, 2009 to all unitholders of record on November 30, 2009. The ex-distribution date for this payment is November 26, 2009. Vermilion has paid cumulative distributions per unit totalling $14.23 since inception as a Trust in January 2003.
Exchangeable Share Ratio Information
Upon conversion to a Trust in January 2003, some holders of shares in the predecessor company, Vermilion Resources Ltd., opted to hold exchangeable shares in place of Vermilion Energy Trust units. The following information applies only to those exchangeable shareholders and does not affect Vermilion Energy Trust unitholders.
The increase to the Exchange Ratio of the Exchangeable Shares of Vermilion Resources Ltd. will be from 1.77804 to 1.78954. Details used in the calculation of the Exchange ratio can be found on our website at http://www.vermilionenergy.com/ir/exchangeableshares.cfm or by contacting Vermilion's Investor Relations Department at (403) 269-4884.
The increase will be effective on November 16, 2009. A "Notice of Retraction" must be received by Computershare by November 19, 2009 to receive this exchange ratio. All notices received after this date will receive the exchange ratio to be determined on December 15, 2009. A holder of Vermilion Resources Ltd. Exchangeable Shares can exchange all or a portion of their holdings at any time for Vermilion Trust Units by completing a Retraction Request form. You can obtain a copy by contacting Computershare Trust Company of Canada at (403) 267-6894.
SOURCE: Vermilion Energy Trust
Vermilion Energy Trust Paul Beique, Vice President Capital Markets 2800, 400 -- 4th Avenue S.W. Calgary, Alberta T2P 0J4 Phone: (403) 269-4884 Fax: (403) 264-6306 IR Toll Free: 1-866-895-8101 www.vermilionenergy.com
Copyright Business Wire 2009
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