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BAYTEX ENERGY TRUST: Baytex Energy Trust Confirms Monthly Distribution for July at $0.12 Per Unit

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  Published in Business and Finance on Wednesday, July 15th 2009 at 13:21 GMT, Last Modified on 2009-07-15 13:21:48 by Market Wire
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CALGARY, ALBERTA--(Marketwire - July 15, 2009) - Baytex Energy Trust (TSX:BTE.UN) (NYSE:BTE) announces that a cash distribution of $0.12 per trust unit in respect of July operations will be paid on August 17, 2009 to unitholders of record on July 31, 2009. The ex-distribution date is July 29, 2009.

The U.S. dollar equivalent distribution amount is approximately US$0.1056 per trust unit assuming a Canadian to U.S. dollar exchange rate of $0.8797. The actual U.S. dollar equivalent distribution for unitholders who hold through a brokerage firm will be based on the exchange rate in effect on the payment date and net of applicable Canadian withholding taxes. Registered unitholders are paid directly by Baytex's transfer agent, Valiant Trust Company, and the actual U.S. dollar equivalent distribution will be based on the exchange rate in effect on the record date and net of applicable Canadian withholding taxes.

The annualized distribution of $1.44 represents a cash-on-cash yield of approximately 7.3% based on the closing price of Baytex trust units of $19.77 on the TSX on July 14, 2009.

Baytex Energy Trust is a conventional oil and gas income trust focused on maintaining its production and asset base through internal property development and delivering consistent returns to its unitholders. Baytex's trust units are traded on the Toronto Stock Exchange under the symbol BTE.UN and on the New York Stock Exchange under the symbol BTE.

All dollar amounts in this press release are Canadian dollars unless otherwise identified.