EX-99.1 2 ex99_1.htm BAYTEX ENERGY TRUST TO PRESENT AT THE 2009 CAPP OIL AND GAS INVESTMENT SYMPOSIUM ex99_1.htm

Exhibit 99.1
 


 


FOR IMMEDIATE RELEASE - CALGARY, ALBERTA –JUNE 15, 2009

BAYTEX ENERGY TRUST CONFIRMS MONTHLY DISTRIBUTION FOR JUNE AT
$0.12 PER UNIT

CALGARY, ALBERTA (June 15, 2009) - Baytex Energy Trust (TSX: BTE.UN; NYSE: BTE) announces that a cash distribution of $0.12 per trust unit in respect of June operations will be paid on July 15, 2009 to unitholders of record on June 30, 2009. The ex-distribution date is June 26, 2009.

The U.S. dollar equivalent distribution amount is approximately US$0.1074 per trust unit assuming a Canadian to U.S. dollar exchange rate of $0.8947. 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 7.2% based on the closing price of Baytex trust units of $19.92 on the TSX on June 12, 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.
 
For further information, please contact:
 
Baytex Energy Trust  
Anthony Marino, President and CEO Telephone: (403) 267-0708
Derek Aylesworth, Chief Financial Officer Telephone: (403) 538-3639
Cheryl Arsenault, Investor Relations Representative Telephone: (403) 267-0761
 
Toll Free Number: 1-800-524-5521
Website: www.baytex.ab.ca