Distribution Payments
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Penn West Petroleum Ltd. converted to Penn West Energy Trust effective May 31, 2005. Following the conversion, shareholders received three (3) units of Penn West Energy Trust (PWT.UN on the TSX; PWE on the NYSE) in exchange for each Penn West common share. This conversion will generally result in a shareholder resident in Canada realizing a capital gain (or a capital loss) which is equal to the amount the deemed capital disposition of $84.77* exceeds (or is less than) the aggregate of the shareholder's adjusted cost base of the common shares which are ultimately exchanged for trust units and any reasonable cost of disposition. The first distribution of the Trust was July 15, 2005.
For 2009, Penn West Energy Trust has determined that for Canadian resident unitholders, the distributions will be 100 percent taxable with no return of capital. For 2009, Penn West Energy Trust has determined that for U.S. resident unitholders, the distributions will be 100 percent taxable as a qualified dividend with no return of capital.
* Capital disposition is based on the three day average share price prior to May 27th, the date of shareholder approval of the plan of arrangement.
| Record Date | Payment Date | Amount | Taxable Portion | Taxation Year |
|---|---|---|---|---|
| 1/29/2010 | 2/12/2010 | $0.15 | 2010 | |
| 2/26/2010 | 3/15/2010 | $0.15 | 2010 | |
| 3/31/2010 | 4/15/2010 | $0.15 | 2010 | |
| 4/30/2010 | 5/14/2010 | $0.15 | 2010 | |
| 5/31/2010 | 6/15/2010 | $0.15 | 2010 | |
| 6/30/2010 | 7/15/2010 | $0.15 | 2010 | |
| 7/30/2010 | 8/13/2010 | $0.15 | 2010 | |
| 8/31/2010 | 9/15/2010 | 2010 | ||
| 9/30/2010 | 10/15/2010 | 2010 | ||
| 10/29/2010 | 11/15/2010 | 2010 | ||
| 11/30/2010 | 12/15/2010 | 2010 | ||
| 12/31/2010 | 01/14/2011 | 2010 | ||
| Total Distributed - 2010: | ||||
| 1/30/2009 | 2/13/2009 | $0.23 | $0.23 | 2009 |
| 2/27/2009 | 3/13/2009 | $0.23 | $0.23 | 2009 |
| 3/31/2009 | 4/15/2009 | $0.23 | $0.23 | 2009 |
| 4/30/2009 | 5/15/2009 | $0.15 | $0.15 | 2009 |
| 5/29/2009 | 6/15/2009 | $0.15 | $0.15 | 2009 |
| 6/30/2009 | 7/15/2009 | $0.15 | $0.15 | 2009 |
| 7/31/2009 | 8/14/2009 | $0.15 | $0.15 | 2009 |
| 8/31/2009 | 9/15/2009 | $0.15 | $0.15 | 2009 |
| 9/30/2009 | 10/15/2009 | $0.15 | $0.15 | 2009 |
| 10/30/2009 | 11/13/2009 | $0.15 | $0.15 | 2009 |
| 11/30/2009 | 12/15/2009 | $0.15 | $0.15 | 2009 |
| 12/31/2009 | 01/15/2010 | $0.15 | $0.15 | 2009 |
| Total Distributed - 2009: | $2.04 | $2.04 | ||
| 1/31/2008 | 2/15/2008 | $0.34 | $0.34 | 2008 |
| 2/29/2008 | 3/14/2008 | $0.34 | $0.34 | 2008 |
| 3/31/2008 | 4/15/2008 | $0.34 | $0.34 | 2008 |
| 4/30/2008 | 5/15/2008 | $0.34 | $0.34 | 2008 |
| 5/30/2008 | 6/13/2008 | $0.34 | $0.34 | 2008 |
| 6/30/2008 | 7/15/2008 | $0.34 | $0.34 | 2008 |
| 7/31/2008 | 8/15/2008 | $0.34 | $0.34 | 2008 |
| 8/29/2008 | 9/15/2008 | $0.34 | $0.34 | 2008 |
| 9/30/2008 | 10/15/2008 | $0.34 | $0.34 | 2008 |
| 10/31/2008 | 11/14/2008 | $0.34 | $0.34 | 2008 |
| 11/28/2008 | 12/15/2008 | $0.34 | $0.34 | 2008 |
| 12/31/2008 | 1/15/2009 | $0.34 | $0.34 | 2008 |
| Total Distributed - 2008: | $4.08 | $4.08 | ||
| 1/31/2007 | 2/15/2007 | $0.34 | $0.34 | 2007 |
| 2/28/2007 | 3/15/2007 | $0.34 | $0.34 | 2007 |
| 3/30/2007 | 4/13/2007 | $0.34 | $0.34 | 2007 |
| 4/30/2007 | 5/15/2007 | $0.34 | $0.34 | 2007 |
| 5/31/2007 | 6/15/2007 | $0.34 | $0.34 | 2007 |
| 6/29/2007 | 7/13/2007 | $0.34 | $0.34 | 2007 |
| 7/31/2007 | 8/15/2007 | $0.34 | $0.34 | 2007 |
| 8/31/2007 | 9/14/2007 | $0.34 | $0.34 | 2007 |
| 9/28/2007 | 10/15/2007 | $0.34 | $0.34 | 2007 |
| 10/31/2007 | 11/15/2007 | $0.34 | $0.34 | 2007 |
| 11/30/2007 | 12/14/2007 | $0.34 | $0.34 | 2007 |
| 12/31/2007 | 1/15/2008 | $0.34 | $0.34 | 2007 |
| Total Distributed - 2007: | $4.08 | $4.08 | ||
| 1/31/2006 | 2/15/2006 | $0.31 | $0.31 | 2006 |
| 2/28/2006 | 3/15/2006 | $0.34 | $0.34 | 2006 |
| 3/31/2006 | 4/13/2006 | $0.34 | $0.34 | 2006 |
| 4/28/2006 | 5/15/2006 | $0.34 | $0.34 | 2006 |
| 5/31/2006 | 6/15/2006 | $0.34 | $0.34 | 2006 |
| 6/29/2006 | 7/14/2006 | $0.34 | $0.34 | 2006 |
| 7/31/2006 | 8/15/2006 | $0.34 | $0.34 | 2006 |
| 8/31/2006 | 9/15/2006 | $0.34 | $0.34 | 2006 |
| 9/29/2006 | 10/13/2006 | $0.34 | $0.34 | 2006 |
| 10/31/2006 | 11/15/2006 | $0.34 | $0.34 | 2006 |
| 11/30/2006 | 12/15/2006 | $0.34 | $0.34 | 2006 |
| 12/29/2006 | 1/15/2007 | $0.34 | $0.34 | 2006 |
| Total Distributed - 2006: | $4.05 | $4.05 | ||
| 6/30/2005 | 7/15/2005 | $0.26 | $0.26 | 2005 |
| 7/29/2005 | 8/15/2005 | $0.26 | $0.26 | 2005 |
| 8/31/2005 | 9/15/2005 | $0.26 | $0.26 | 2005 |
| 9/30/2005 | 10/14/2005 | $0.26 | $0.26 | 2005 |
| 10/31/2005 | 11/15/2005 | $0.31 | $0.31 | 2005 |
| 11/30/2005 | 12/15/2005 | $0.31 | $0.31 | 2005 |
| 12/30/2005 | 1/13/2006 | $0.31 | $0.31 | 2005 |
| Total Distributed - 2005: | $1.97 | $1.97 | ||
* The Record Date is the date unitholders must be on record as unitholders in order to receive that month's distribution.
* The Taxation Year is the year the unitholder will owe taxes on the distributions paid to him/her.
We are pleased to offer you the option of receiving your Penn West Energy Trust monthly distribution payments by direct deposit to your Canadian bank account. If you have a Canadian bank account and would prefer to have your Penn West Energy Trust distribution payments deposited directly into your account instead of receiving a cheque in the mail, please complete the Application for Direct Deposit Form below and attach a sample cheque marked "void." Return both to our Transfer Agent at the following address:
CIBC Mellon Trust Company
PO Box 7010
Adelaide Street Postal Station
Toronto, ON M5C 2W9