APF Energy Trust Distribution.CALGARY, Alberta--(BUSINESS WIRE)--Jan. 3, 1997--APF Energy (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : AY.IR.) APF APF, n the abbreviation for acidulated phosphate fluoride. Energy Management Inc., manager of APF Energy Trust, announces that Distributable Income for APF Energy Trust for the period December 1, 1996 to December 31, 1996 is estimated to be $0.105 per Trust Unit. The original forecast for this period was $0.10 per Trust Unit. The distribution will be made on January 31, 1997 with a Record Date of December 31, 1996. Although the initial public offering of APF Energy Trust units was completed on December 17, 1996, Unitholders will receive distributions based on Royalty Income for a full 31 days in December This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. . The calculation of Distributable Income also takes into account the interest cost on $8,000,000 of debt carried from December 1, 1996 to December 17, 1996. This debt was repaid out of the net proceeds Net Proceeds The amount received after all costs are deducted from the sale of a piece of property or security. Notes: In the case of an investor selling a security, net proceeds represent the proceeds from the sale minus any trading costs (i.e. commissions). of the offering. APF Energy Trust is a newly-created oil and gas royalty trust royalty trust An ownership interest in certain assets, generally crude oil or gas production and real estate. Unlike the usual corporate organization, a trust arrangement permits income and tax benefits to flow through to the individual owners. . The Trust Units are represented by Instalment Receipts which trade on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. under the symbol "AY.IR". THE TORONTO STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE CONTENTS OF THIS PRESS RELEASE. CONTACT: APF Energy Group Martin Hislop, 403/ 294-1000 403/ 294-1074 (FAX) (800) 838-9206 enrgygroup@cadvision.com or APF Energy Group Steven Cloutier, 403/ 294-1000 403/ 294-1074 (FAX) (800) 838-9206 enrgygrp@cadvision.com |
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