Viking Energy Royalty Trust Announces $0.09 Distribution For February, 2002.Business Editors CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , Alberta--(BUSINESS WIRE)--Feb. 21, 2002 Viking Energy 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") announces that it has declared Unitholder distributions of $0.09 per unit for the month of February, 2002. The distribution will be paid on March 15, 2002, to Unitholders of record on February 28, 2002 with the ex-distribution date ex-distribution date The first day of trading when the seller, rather than the buyer, of a stock will be entitled to a recently announced distribution of an asset. being February 26, 2002. The February distribution is in line with the forecast guidance given in the 2001 third quarter report based on the current commodity price environment. Including this amount, distributions for the last 12 months total $1.75 per unit. Viking Energy Royalty Trust is an open-end investment Trust that generates income from long-life oil and natural gas producing properties in Alberta and Saskatchewan. The beneficiaries of Viking are the holders of the Trust Units who receive monthly distributions of the cash flow from the income. The Trust currently has 51,080,794 Units outstanding 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 "VKR VKR Vertical Knee Raise VKR Vojenska Kontrarozviedka (military counterintelligence in former Czechoslovakia) .UN". Viking is managed by Viking Management Ltd., a Calgary based company.
For further information contact:
A. Kirk Purdy Viking Energy Royalty Trust
President and CEO c/o Viking Management Ltd.
Suite 400, 330-5th Avenue S.W.
Calgary, Alberta, T2P 0L4
or Ph: (403) 268-3175
Toll Free: 1-877-292-2527
Email: vikingin@viking-roy.com
Wayne King Andrea Watkins
Senior Vice-President and CFO Investor Relations Coordinator
To find out more about Viking Energy Royalty Trust (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). : VKR.UN), visit our website at www.vikingenergy.com |
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