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Record of Distributions/Payments declared in 2008
Precision Drilling Trust
The following table sets forth the distributions declared by Precision Drilling Trust ("Trust") on each Trust unit for 2008:
|
Distribution Type
|
Record Date
|
Ex-Distribution Date
|
Payment Date
|
Amount per Trust Unit ($Cdn)
|
| Regular - Cash |
January 31, 2008
|
January 29, 2008
|
February 15, 2008
|
$0.130
|
| Regular - Cash |
February 29, 2008
|
February 27, 2008
|
March 18, 2008
|
$0.130
|
| Regular - Cash |
March 31, 2008
|
March 27, 2008
|
April 15, 2008
|
$0.130
|
| Regular - Cash |
April 30, 2008
|
April 28, 2008
|
May 15, 2008
|
$0.130
|
| Regular - Cash |
May 30, 2008
|
May 28, 2008
|
June 17, 2008
|
$0.130
|
| Regular - Cash |
June 30, 2008
|
June 26, 2008
|
July 15, 2008
|
$0.130
|
| Regular - Cash |
July 31, 2008
|
July 29, 2008
|
August 15, 2008
|
$0.130
|
| Regular - Cash |
August 29, 2008
|
August 27, 2008
|
September 16, 2008
|
$0.130
|
| Regular - Cash |
September 30, 2008
|
September 26, 2008
|
October 15, 2008
|
$0.130
|
| Regular - Cash |
October 31, 2008
|
October 29, 2008
|
November 18, 2008
|
$0.130
|
| Regular - Cash |
November 28, 2008
|
November 26, 2008
|
December 16, 2008
|
$0.130
|
| Regular - Cash |
December 31, 2008
|
December 29, 2008
|
January 15, 2009
|
$0.130
|
| Special - In-Kind1 |
December 31, 2008
|
December 29, 2008
|
January 15, 2009
|
$0.150
|
1 As referenced in Precision Drilling Trust's press release, dated December 24, 2008, the "in-kind" special year-end distribution of $0.150 per unit is not being paid in cash and unitholders will not receive additional units of the Trust.
The "in-kind" portion of the special year-end distribution allows Precision to retain balance sheet strength and fund planned asset growth. Settled "in-kind" essentially means that unitholders will not receive cash or additional trust units. Immediately after the "in-kind" special year-end distribution, the outstanding trust units of the Trust will be consolidated so that the number of trust units will remain unchanged from the number outstanding prior to the "in-kind" special year-end distribution.
Precision Drilling Limited Partnership
The following table sets forth the amount of payments declared on each Exchangeable LP B unit of Precision Drilling Limited Partnership for 2008:
|
Distribution Type
|
Record Date
|
Ex-Distribution Date
|
Payment Date
|
Amount per Exchangeable LP B Unit ($Cdn)
|
| Regular - Cash |
January 31, 2008
|
January 29, 2008
|
February 15, 2008
|
$0.130
|
| Regular - Cash |
February 29, 2008
|
February 27, 2008
|
March 18, 2008
|
$0.130
|
| Regular - Cash |
March 31, 2008
|
March 27, 2008
|
April 15, 2008
|
$0.130
|
| Regular - Cash |
April 30, 2008
|
April 28, 2008
|
May 15, 2008
|
$0.130
|
| Regular - Cash |
May 30, 2008
|
May 28, 2008
|
June 17, 2008
|
$0.130
|
| Regular - Cash |
June 30, 2008
|
June 26, 2008
|
July 15, 2008
|
$0.130
|
| Regular - Cash |
July 31, 2008
|
July 29, 2008
|
August 15, 2008
|
$0.130
|
| Regular - Cash |
August 29, 2008
|
August 27, 2008
|
September 16, 2008
|
$0.130
|
| Regular - Cash |
September 30, 2008
|
September 26, 2008
|
October 15, 2008
|
$0.130
|
| Regular - Cash |
October 31, 2008
|
October 29, 2008
|
November 18, 2008
|
$0.130
|
| Regular - Cash |
November 28, 2008
|
November 26, 2008
|
December 16, 2008
|
$0.130
|
| Regular - Cash |
December 31, 2008
|
December 29, 2008
|
January 15, 2009
|
$0.130
|
| Special - In-Kind2 |
December 31, 2008
|
December 29, 2008
|
January 15, 2009
|
$0.150
|
2 As referenced in Precision Drilling Trust's press release, dated December 24, 2008, the "in-kind" special year-end distribution of $0.150 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.
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