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Record of Distributions/Payments declared in 2007
Precision Drilling Trust
The following table sets forth the distributions declared by Precision Drilling Trust ("Trust") on each Trust unit for 2007:
|
Distribution Type |
Record Date |
Ex-Distribution Date |
Payment Date |
Amount per Trust Unit ($Cdn) |
| Regular - Cash |
January 31, 2007 |
January 29, 2007 |
February 15, 2007 |
$0.190 |
| Regular - Cash |
February 28, 2007 |
February 26, 2007 |
March 15, 2007 |
$0.190 |
| Regular - Cash |
March 30, 2007 |
March 28, 2007 |
April 17, 2007 |
$0.190 |
| Regular - Cash |
April 30, 2007 |
April 26, 2007 |
May 15, 2007 |
$0.190 |
| Regular - Cash |
May 31, 2007 |
May 29, 2007 |
June 15, 2007 |
$0.130 |
| Regular - Cash |
June 29, 2007 |
June 27, 2007 |
July 17, 2007 |
$0.130 |
| Regular - Cash |
July 31, 2007 |
July 27, 2007 |
August 15, 2007 |
$0.130 |
| Regular - Cash |
August 31, 2007 |
August 29, 2007 |
September 18, 2007 |
$0.130 |
| Regular - Cash |
September 28,2007 |
September 26, 2007 |
October 16, 2007 |
$0.130 |
| Regular - Cash |
October 31, 2007 |
October 29, 2007 |
November 15, 2007 |
$0.130 |
| Regular - Cash |
November 30, 2007 |
November 28, 2007 |
December 18, 2007 |
$0.130 |
| Regular - Cash |
December 31, 2007 |
December 27, 2007 |
January 15, 2008 |
$0.130 |
| Special - Cash |
December 31, 2007 |
December 27, 2007 |
January 15, 2008 |
$0.160 |
| Special - In - Kind1 |
December 31, 2007 |
December 27, 2007 |
January 15, 2008 |
$0.240 |
1 As referenced in Precision Drilling Trust's press release, dated December 19th, 2007, the "in-kind" special year-end distribution of $0.240 per unit is not being paid in cash and unitholders will not receive additional units of the Trust.
The "in-kind" portion of the special year-end distribution allows Precision to retain balance sheet strength and fund planned asset growth. Settled "in-kind" essentially means that unitholders will not receive cash or additional trust units. Immediately after the "in-kind" special year-end distribution, the outstanding trust units of the Trust will be consolidated so that the number of trust units will remain unchanged from the number outstanding prior to the "in-kind" special year-end distribution.
Precision Drilling Limited Partnership
The following table sets forth the amount of payments declared on each Exchangeable LP B unit of Precision Drilling Limited Partnership for 2007:
|
Distribution Type |
Record Date |
Ex-Distribution Date |
Payment Date |
Amount per Exchangeable LP B Unit ($Cdn) |
| Regular - Cash |
January 31, 2007 |
January 29, 2007 |
February 15, 2007 |
$0.190 |
| Regular - Cash |
February 28, 2007 |
February 26, 2007 |
March 15, 2007 |
$0.190 |
| Regular - Cash |
March 30, 2007 |
March 28, 2007 |
April 17, 2007 |
$0.190 |
| Regular - Cash |
April 30, 2007 |
April 26, 2007 |
May 15, 2007 |
$0.190 |
| Regular - Cash |
May 31, 2007 |
May 29, 2007 |
June 15, 2007 |
$0.130 |
| Regular - Cash |
June 29, 2007 |
June 27, 2007 |
July 17, 2007 |
$0.130 |
| Regular - Cash |
July 31, 2007 |
July 27, 2007 |
August 15, 2007 |
$0.130 |
| Regular - Cash |
August 31, 2007 |
August 29, 2007 |
September 18, 2007 |
$0.130 |
| Regular - Cash |
September 28,2007 |
September 26, 2007 |
October 16, 2007 |
$0.130 |
| Regular - Cash |
October 31, 2007 |
October 29, 2007 |
November 15, 2007 |
$0.130 |
| Regular - Cash |
November 30, 2007 |
November 28, 2007 |
December 18, 2007 |
$0.130 |
| Regular - Cash |
December 31, 2007 |
December 27, 2007 |
January 15, 2008 |
$0.130 |
| Special - Cash |
December 31, 2007 |
December 27, 2007 |
January 15, 2008 |
$0.160 |
| Special – In-kind2 |
December 31, 2007 |
December 27, 2007 |
January 15, 2008 |
$0.240 |
2 As referenced in Precision Drilling Trust's press release, dated December 19th, 2007, the "in-kind" special year-end distribution of $0.240 per unit is not being paid in cash and unitholders will not receive additional units of the Trust.
The "in-kind" portion of the special year-end distribution allows Precision to retain balance sheet strength and fund planned asset growth. Settled "in-kind" essentially means that unitholders will not receive cash or additional trust units. Immediately after the "in-kind" special year-end distribution, the outstanding trust units of the Trust will be consolidated so that the number of trust units will remain unchanged from the number outstanding prior to the "in-kind" special year-end distribution. Holders of Class B limited partnership units of PDLP will receive the economic equivalent treatment. |
