Trinidad Energy Services Income Trust announces cash distribution increase
Release Date: May 4, 2006
CALGARY, May 4 /CNW/ – Trinidad Energy Services Income Trust (“TDG.UN”) announces that its monthly cash distribution to unitholders will be increased by 2.0 cents to 11.5 cents per trust unit per month ($1.38 per annum) commencing with the distribution to be paid June 15, 2006 to unitholders of record on May 31, 2006.
The Trust has implemented a Distribution Reinvestment Plan for the benefit of its unitholders. Participation information can be found on our website at www.trinidaddrilling.com, or Registered Unitholders may contact the undersigned or Valiant Trust Company (the Plan Agent) at: Phone: 403-233-2801; Fax: 403-233-2847; E-mail: email@example.com. Non- Registered Unitholders should contact their individual investment dealers.
Trinidad Energy Services Income Trust is a growth oriented income trust that trades on the TSX under the symbol TDG.UN. Trinidad’s divisions operate in the drilling and well servicing sectors of the North American oil and gas industry. With the completion of the current rig construction programs, the Trust will have 101 drilling rigs ranging in depths from 1,000 – 6,500 metres. In addition to its drilling rigs, Trinidad has 17 service rigs that have been completely retrofitted or are new within the past five years and 17 pre-set and coring rigs. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad’s drilling fleet is one of the most adaptable and competitive in the industry.
The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.For further information: Michael E. Heier, CEO or Brent Conway, CFO at (403) 265-6525, e-mail: firstname.lastname@example.org