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Record of Distributions/Payments declared in 2009
Precision Drilling Trust
The following table sets forth the distributions declared by Precision Drilling Trust ("Trust") on each Trust unit for 2009:
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Distribution Type
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Record Date
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Ex-Distribution Date
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Payment Date
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Amount per Trust Unit ($Cdn)
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| Regular - Cash |
January 30, 2009
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January 28, 2009
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February 17, 2009
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$0.040
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Precision Drilling Limited Partnership
The following table sets forth the amount of payments declared on each Exchangeable LP B unit of Precision Drilling Limited Partnership for 2009:
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Distribution Type
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Record Date
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Ex-Distribution Date
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Payment Date
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Amount per Exchangeable LP B Unit ($Cdn)
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| Regular - Cash |
January 30, 2009
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January 28, 2009
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February 17, 2009
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$0.040
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Precision is taking steps to add certainty to its capital and debt structure and announced on February 9, 2009 that the Board of Trustees has suspended cash distributions for an indefinite period. This measure was taken in response to lower financial operating performance at the start of 2009. The suspension of cash distributions allows Precision to increase debt repayment capability and balance sheet strength.
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