Business
Peyto Energy Trust Announces 2006 United States Tax Information
Peyto Energy Trust Announces 2006 United States Tax Information.
About this update from Peyto Exploration & Development Corp.
[{"type":"text","content":"\n\n\n\nSYMBOL: PEY.UN - TSX\n\n\nCALGARY, Feb. 27 /CNW/ - Peyto Energy Trust ("Peyto") is pleased to\nannounce the 2006 tax information for unitholders in the United States.\n\n\nFor the 2006 taxation year, Peyto Energy Trust has made the election to\nbe treated as a corporation for United States ("U.S.") income tax purposes. As\na corporation, we believe we will also be considered a Qualified Foreign\nCorporation ("QFC") for U.S. income tax purposes. The taxable portion of the\ntrust distributions for U.S. income tax purposes is determined based upon\nPeyto's current and accumulated earnings & profits ("E&P") as determined in\naccordance with U.S. income tax law.\n\n\nWith respect to cash distributions paid in 2006 to United States\nunitholders, 100% would be reported as qualified dividends.\n\n\nWe encourage you to actively visit Peyto's website located at\nwww.peyto.com.\n\n\nCertain information set forth in this document, including management's\nassessment of Peyto's and the Trust's future plans and operations, contains\nforward-looking statements. By their nature, forward-looking statements are\nsubject to numerous risks and uncertainties, some of which are beyond these\nparties' control, including the impact of general economic conditions,\nindustry conditions, volatility of commodity prices, currency fluctuations,\nimprecision of reserve estimates, environmental risks, competition from other\nindustry participants, the lack of availability of qualified personnel or\nmanagement, stock market volatility and ability to access sufficient capital\nfrom internal and external sources. Readers are cautioned that the assumptions\nused in the preparation of such information, although considered reasonable at\nthe time of preparation, may prove to be imprecise and, as such, undue\nreliance should not be placed on forward-looking statements. Peyto's and the\nTrust's actual results, performance or achievement could differ materially\nfrom those expressed in, or implied by, these forward-looking statements and,\naccordingly, no assurance can be given that any of the events anticipated by\nthe forward-looking statements will transpire or occur, or if any of them do\nso, what benefits that Peyto and the Trust will derive therefrom. Peyto\ndisclaims any intention or obligation to update or ...