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Precision Drilling Trust
 
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Unitholder Information | Distribution History | 2008 

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.