Sinopec Canada

Daylight Energy Trust Distribution History

Daylight Energy Trust Distribution History

Daylight Energy Trust made monthly cash distributions to unitholders based upon the net cash flow from its natural gas and oil operations. A portion of this cash flow was typically withheld to repay bank debt and fund capital expenditures.

Management monitored the Trust's distribution payout with respect to forecasted cash flow, debt levels and capital expenditures. The key drivers of Daylight Energy Trust's cash flow, as was the case with all other oil and gas trusts, were commodity prices and production. Since Daylight's production was heavily weighted to natural gas (60%), natural gas prices had a significant effect on its cash flow.

Cash distributions were not paid on Exchangeable Shares. Exchangeable Shares were exchangeable into Trust units of Daylight Energy Trust based on the exchange ratio which was adjusted monthly based on distributions paid to Trust unitholders.

Record DatePayment DateAmountTaxable PortionTaxation Year
11/30/2004 12/15/2004 $0.12 $0.00 2004
12/31/2004 1/17/2005 $0.12 $0.00 2004
Total Distributed - 2004 $0.24 $0.00  
1/31/2005 2/15/2005 $0.12 $0.10 2005
2/28/2005 3/15/2005 $0.12 $0.10 2005
3/31/2005 4/15/2005 $0.12 $0.10 2005
4/29/2005 5/16/2005 $0.12 $0.10 2005
5/31/2005 6/15/2005 $0.12 $0.10 2005
6/30/2005 7/15/2005 $0.12 $0.10 2005
7/29/2005 8/15/2005 $0.12 $0.10 2005
8/31/2005 9/15/2005 $0.12 $0.10 2005
9/30/2005 10/17/2005 $0.12 $0.10 2005
10/31/2005 11/15/2005 $0.14 $0.11 2005
11/30/2005 11/30/2005 $0.31 $0.00 2005
11/30/2005 12/15/2005 $0.14 $0.11 2005
12/30/2005 1/16/2006 $0.14 $0.11 2005
Total Distributed - 2005 $1.81 $1.20  
1/31/2006 2/15/2006 $0.14 $0.00 2006
2/28/2006 3/15/2006 $0.14 $0.00 2006
3/31/2006 4/17/2006 $0.14 $0.00 2006
4/28/2006 5/15/2006 $0.14 $0.00 2006
5/31/2006 6/15/2006 $0.14 $0.00 2006
6/30/2006 7/17/2006 $0.14 $0.00 2006
7/31/2006 8/15/2006 $0.14 $0.00 2006
8/31/2006 9/15/2006 $0.14 $0.00 2006
Total Distributed - 2006 $1.12 $0.00  
Total Distributed Since Inception $3.17    

* Distributions are based upon current commodity price outlook and are subject to change.

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