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Precision Drilling Trust announces Distribution Reinvestment Plan
Precision Drilling Trust announces Distribution Reinvestment Plan.
About this update from Precision Drilling Corporation
[{"type":"text","content":"\n\n\n\n\nCALGARY, March 29 /CNW/ - The Trustees of Precision Drilling Trust\n(\"Precision\") have approved the adoption of a distribution reinvestment plan\n(the \"Plan\") for holders of trust units of Precision (\"Unitholders\"). The Plan\nis effective for distributions declared after March 31, 2006.\nThe Plan provides eligible Unitholders with the option to reinvest the\nmonthly cash distributions and acquire additional units of Precision at an\naverage market price as determined under the Plan. Units distributed pursuant\nto the Plan will be acquired by Computershare Trust Company of Canada from\ntreasury, or at the discretion of Precision Drilling Corporation,\nadministrator of Precision, through the facilities of the Toronto Stock\nExchange. No brokerage fees or commissions are payable by participants\nenrolled in the Plan, however, Unitholders should make inquiries with their\nbroker, investment dealer or financial institution through which their units\nare held to confirm their individual fee policies.\nThe Plan is presently available to Canadian resident Unitholders.\nUnitholders who are not residents of Canada or who hold Class B Limited\nPartnership Units of Precision Drilling Limited Partnership are not eligible\nto enroll in the Plan.\nA copy of the Plan is available on Precision's website at\nwww.precisiondrilling.com and detailed information regarding enrolment in the\nPlan can be obtained from Computershare Trust Company of Canada, 9th Floor,\n100 University Avenue, Toronto, Ontario M5J 2Y1, Attention: Distribution\nReinvestment Department, Telephone: 1-800-564-6253. Unitholders should\ncarefully read the complete text of the Plan before making any decisions\nregarding their participation in the Plan.\nPrecision Drilling Trust is Canada's largest energy services trust.\nHeadquartered in Calgary, Alberta, Precision is the leading provider of energy\nservices to the Canadian oil and gas industry. Precision provides customers\nwith access to an extensive fleet of contract drilling rigs, service rigs,\ncamps, snubbing units and rental equipment backed by a comprehensive mix of\ntechnical support services and skilled, experienced personnel.\nPrecision Drilling Trust is listed on the Toronto Stock Exchange under\nthe trading symbol \"PD.UN\" and in U.S. dollars \"PD.U\" and on the New York\nStock Exchange under the tra...