Distribution Reinvestment and Optional Unit Purchase Plan
In February 2004 PET established a Distribution Reinvestment and Optional Unit Purchase Plan (The "DRIP Plan") for eligible Unitholders of Paramount Energy Trust ("PET"). To the best of our knowledge, this DRIP Plan is the most attractive in the Oil and Gas Royalty Trust Sector. The DRIP Plan provides for the reinvestment of monthly cash distributions to acquire additional Trust Units at 94 % of the "Treasury Purchase Price". As well, subject to thresholds and restrictions described in the DRIP Plan, it contains a provision for the purchase of additional Trust Units with optional cash payments of up to $100,000 per Canadian participant per financial year of PET to acquire additional Trust Units at the same 6% discount to market. Please note that until further notice, there will be no Trust Units available under the Optional Cash Payments component of the DRIP. Of further note, no additional commissions, service or brokerage fees will be charged to the Unitholder for these transactions. For a table of pricing, current and historical please click on the appropriate link (Current Year DRIP Pricing or Historical DRIP Pricing)
At the same time as affording eligible Unitholders the opportunity to purchase PET Units at a discount to market, the DRIP Plan establishes an efficient, convenient and cost-effective way for PET to issue additional equity to its existing Unitholders to finance value-adding activities.
An application form for this purpose and information detailing the terms of these programs is available for download on the links provided. They are also available from Computershare Trust Company of Canada, (the "Trustee"). Unitholders who are interested in these plans should complete the form and return it directly to the Trustee.
We would encourage you to review the links provided to define eligibility and enrollment arrangements, alternatively you may contact the Trustee should you have further questions.
Computershare Trust Company of Canada
100 University Avenue, 9th Floor
Toronto, Ontario M5J 2Y1
Attention: Dividend Reinvestment Department
Toll Free: 1-800-564-6253
Fax: 1-416-263-9394