Record of Distributions/Payments declared in 2006
The following table sets forth the distributions declared by Precision Drilling Trust ("Trust") on each Trust Unit for 2006:
|
Distribution Type |
Record Date |
Ex-Distribution Date |
Payment Date |
Amount per Trust Unit ($Cdn) |
| Regular - Cash |
January 31, 2006 |
January 27, 2006 |
February 15, 2006 |
$0.270 |
| Regular - Cash |
February 28, 2006 |
February 24, 2006 |
March 15, 2006 |
$0.270 |
| Regular - Cash |
March 31, 2006 |
March 29, 2006 |
April 18, 2006 |
$0.270 |
| Regular - Cash |
April 28, 2006 |
April 26, 2006 |
May 16, 2006 |
$0.270 |
| Regular - Cash |
May 31, 2006 |
May 29, 2006 |
June 15, 2006 |
$0.310 |
| Regular - Cash |
June 30, 2006 |
June 28, 2006 |
July 18, 2006 |
$0.310 |
| Regular - Cash |
July 31, 2006 |
July 27, 2006 |
August 15, 2006 |
$0.310 |
| Regular - Cash |
August 31, 2006 |
August 29, 2006 |
September 15, 2006 |
$0.310 |
| Regular - Cash |
September 29, 2006 |
September 27, 2006 |
October 17, 2006 |
$0.310 |
| Regular - Cash |
October 31, 2006 |
October 27, 2006 |
November 15, 2006 |
$0.310 |
| Regular - Cash |
November 30, 2006 |
November 28, 2006 |
December 15, 2006 |
$0.310 |
| Regular - Cash |
December 31, 2006 |
December 27, 2006 |
January 16, 2007 |
$0.310 |
| Special - In-kind1 |
December 31, 2006 |
December 27, 2006 |
January 16, 2007 |
$0.195 |
1 As referenced in Precision Drilling Trust's press release, dated December 18th, 2006, the special year-end distribution of $0.195 per unit is not being paid in cash and unitholders will not receive additional units of the Trust.
The special year-end distribution will be settled "in-kind" through units rather than cash in order for Precision Drilling Corporation to minimize debt levels and retain balance sheet strength to fund planned asset growth. Immediately after the special in-kind distribution, the outstanding units of the Trust will be consolidated so that the number of Trust units outstanding will remain unchanged from the number of Trust units outstanding immediately before the special in-kind distribution. Precision Drilling Limited Partnership
The following table sets forth the amount of payments declared on each Exchangeable LP B Unit of Drilling Limited Partnership ("PDLP") for 2006:
|
Payment Type |
Record Date |
Ex-Distribution Date |
PaymentDate |
Amount per Exchangeable LP B Unit ($Cdn) |
| Regular - Cash |
January 31, 2006 |
January 27, 2006 |
February 15, 2006 |
$0.270 |
| Regular - Cash |
February 28, 2006 |
February 24, 2006 |
March 15, 2006 |
$0.270 |
| Regular - Cash |
March 31, 2006 |
March 29, 2006 |
April 18, 2006 |
$0.270 |
| Regular - Cash |
April 28, 2006 |
April 26, 2006 |
May 16, 2006 |
$0.270 |
| Regular - Cash |
May 31, 2006 |
May 29, 2006 |
June 15, 2006 |
$0.310 |
| Regular - Cash |
June 30, 2006 |
June 28, 2006 |
July 18, 2006 |
$0.310 |
| Regular - Cash |
July 31, 2006 |
July 27, 2006 |
August 15, 2006 |
$0.310 |
| Regular - Cash |
August 31, 2006 |
August 29, 2006 |
September 15, 2006 |
$0.310 |
| Regular - Cash |
September 29, 2006 |
September 27, 2006 |
October 17, 2006 |
$0.310 |
| Regular - Cash |
October 31, 2006 |
October 27, 2006 |
November 15, 2006 |
$0.310 |
| Regular - Cash |
November 30, 2006 |
November 28, 2006 |
December 15, 2006 |
$0.310 |
| Regular - Cash |
December 31, 2006 |
December 27, 2006 |
January 16, 2007 |
$0.310 |
| Special - In-kind1 |
December 31, 2006 |
December 27, 2006 |
January 16, 2007 |
$0.195 |
1 As referenced in Precision Drilling Trust's press release, dated December 18th, 2006, the special year-end distribution of $0.195 per unit is not being paid in cash and unitholders will not receive additional Exchangeable LP B units of Precision Drilling Limited Partnership.
The special year-end distribution was settled "in-kind" through units rather than cash in order for Precision Drilling Corporation to minimize debt levels and retain balance sheet strength to fund planned asset growth. Immediately after the special in-kind distribution, the outstanding Exchangeable LP B units of PDLP were consolidated so that the number of Exchangeable LP B units of PDLP outstanding remained unchanged from the number of Exchangeable LP B units of PDLP outstanding immediately before the special in-kind distribution. |
