Enerplus Resources Fund to announce cash distribution
Enerplus Resources Fund has recently reported that a cash distribution in the amount of CDN$0.42 per unit will be payable on August 20, 2008 to all Enerplus Unitholders of record on August 10, 2008. The ex-distribution date for this payment is August 6, 2008.
The CDN$0.42 per unit is equivalent to approximately US$0.41 per unit if converted using a Canadian/US dollar exchange ratio of 1.02. The US dollar equivalent distribution will be based upon the actual Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may apply.
Holders of Enerplus Exchangeable Limited Partnership Class B units (formerly Focus Limited Partnership Class B units) of record on August 10, 2008 will be eligible to receive a distribution of CDN$0.1785 per unit on August 20, 2008 based on the exchange ratio of 0.425 of an Enerplus trust unit for each Enerplus Exchangeable Limited Partnership Class B unit.
Gordon J. Kerr President & Chief Executive Officer
Enerplus Resources Fund
Source: Enerplus Resources Fund
