APF Announces Monthly Distribution of $0.175 Per Unit; Appointments to Board of Directors Also Confirmed.CALGARY, Alberta--(BUSINESS WIRE)--July 22, 1998--APF Energy Trust (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :AY.UN.) announced that the cash distribution for the production month of June 1998 will be $0.175 per unit. The distribution will be made on August 15, 1998 to unitholders of record on July 31, 1998. This distribution, comprised of the basic $0.120 payment and an additional $0.055 per unit, will result in unitholders having received $1.305 per unit since January 1, 1998, with five more distributions to be announced To be announced (TBA) A contract for the purchase or sale of an MBS to be delivered at an agreed-upon future date but does not include a specified pool number and number of pools or precise amount to be delivered. by the end of the year. In other news, the unitholders of APF APF, n the abbreviation for acidulated phosphate fluoride. Energy Trust confirmed the appointments of William Dickson, Leroy Gieck and Dan Mercier to the board of directors of APF Energy Inc. All three have served on the board since the completion of the Trust's initial public offering in December 1996. The management nominees to the board of directors are Martin Hislop, President & Chief Executive Officer and Steve Cloutier, Executive Vice President & Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. . THE TORONTO STOCK EXCHANGE Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. HAS NEITHER APPROVED NOR DISAPPROVED OF THE CONTENTS OF THIS NEWS RELEASE.
CONTACT: APF Energy Management Inc.
Steve Cloutier, 403/294-1000
invest@apfenergy.com
http://www.apfenergy.com
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