SYMBOL: PEY.UN - TSX
CALGARY, March 20 /CNW/ - Peyto Energy Trust ("Peyto") is pleased to
announce the 2005 tax information for unitholders in the United States.
For the 2005 taxation year, Peyto Energy Trust has made the election to
be treated as a corporation for United States ("U.S.") income tax purposes. As
a corporation, we believe we will also be considered a Qualified Foreign
Corporation ("QFC") for U.S. income tax purposes. The taxable portion of the
trust distributions for U.S. income tax purposes is determined based upon
Peyto's current and accumulated earnings & profits ("E&P") as determined in
accordance with U.S. income tax law.
With respect to cash distributions paid in 2005 to United States
unitholders, 75.34% would be reported as qualified dividends and 24.66% would
be reported as non-taxable return of capital.
We encourage you to actively visit Peyto's website located at
www.peyto.com.
Certain information set forth in this document, including management's
assessment of Peyto's and the Trust's future plans and operations, contains
forward-looking statements. By their nature, forward-looking statements are
subject to numerous risks and uncertainties, some of which are beyond these
parties' control, including the impact of general economic conditions,
industry conditions, volatility of commodity prices, currency fluctuations,
imprecision of reserve estimates, environmental risks, competition from other
industry participants, the lack of availability of qualified personnel or
management, stock market volatility and ability to access sufficient capital
from internal and external sources. Readers are cautioned that the assumptions
used in the preparation of such information, although considered reasonable at
the time of preparation, may prove to be imprecise and, as such, undue
reliance should not be placed on forward-looking statements. Peyto's and the
Trust's actual results, performance or achievement could differ materially
from those expressed in, or implied by, these forward-looking statements and,
accordingly, no assurance can be given that any of the events anticipated by
the forward-looking statements will transpire or occur, or if any of them do
so, what benefits that Peyto and the Trust will derive therefrom. Peyto
disclaims any intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise
The Toronto Stock Exchange has neither approved nor disapproved the
information contained herein.
%SEDAR: 00019597E
