Baytex Energy Trust Announces First Day of Trading on The New York Stock Exchange.CALGARY, Alberta -- Baytex Energy Trust (TSX:BTE.UN)(NYSE NYSE See: New York Stock Exchange :BTE) is pleased to announce that it will begin trading today on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (NYSE) under the ticker symbol BTE. The management team led by Raymond T. Chan, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , will ring the opening bell at 9:30am EST to commence both the day's trading and the inaugural trading for Baytex Energy Trust units on the NYSE. Baytex has chosen LaBranche & Co. LLC as their NYSE specialist. Baytex has paid a monthly distribution of C$0.18 per unit since January 2006. Prior to that, Baytex had maintained its monthly distributions at C$0.15 per unit since its inception in September 2003. The Trust's annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. cash distribution, based on the current payment, amounts to C$2.16 per trust unit, and represents a cash-on-cash yield of approximately 11% based on the March 24, 2006 closing price of C$20.45 per trust unit. Baytex Energy Trust is a conventional oil and gas income trust focused on maintaining its production and asset base through internal property development and delivering consistent returns to its unitholders. Trust Units of Baytex are traded 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 BTE.UN and on the New York Stock Exchange under the symbol BTE. BAYTEX ENERGY TRUST (TSX:BTE.UN) (NYSE:BTE) |
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