Distribution Reinvestment and Optional Trust Unit Purchase Plan
Penn West Energy Trust offers a convenient method for Canadian and U.S. residents to reinvest cash distributions and, for Canadian residents, to invest additional funds into new trust units with the Distribution Reinvestment and Optional Trust Unit Purchase Plan (the "Plan").
Benefits of the Plan include:
- Existing Canadian and U.S. resident unitholders can purchase new units of the Trust each month by automatically reinvesting cash distributions at a 5% discount off the average market price1.
- Canadian resident unitholders who enroll in the Plan can also make optional cash payments each month to purchase additional units, potentially at an average market price2 to balance swings in the market price. The optional cash payments can be a minimum of $500 up to a maximum of $5,000.
- No commissions, service charges or brokerage fees are payable in conjunction with the Plan3.
If your units are held through a broker, investment dealer or other financial intermediary, you must direct that company to enrol your units into the Plan.
Additional DRIP Resources:
- DRIP FAQs
- Plan Circular
- Form A - Distribution Reinvestment Authorization
- Form B - Optional Cash Payment Authorization - Registered Holder
- Form C - Optional Cash Payment Authorization - Beneficial Owner
- Participant Declaration Form
To obtain more information, please contact our Investor Relations Department at 1-888-770-2633 or by e-mail at investor_relations@pennwest.com.
(1) While Penn West expects it will issue units from Treasury at a discount to satisfy the distribution reinvestment component of the Plan, Penn West reserves the discretion to issue units from treasury or to obtain them on the open market. The 5% discount and average market price are only available when Penn West issues units from treasury. **The average market price is only available when Penn West issues units from treasury to satisfy the optional trust unit purchase component of the Plan.
(2) The average market price is only available when Penn West issues units from treasury to satisfy the optional trust unit purchase component of the Plan.
(3) Brokerages may sometimes charge their own fee, so please inquire with your own brokerage house. You will pay no fees if the units are registered in your own name.