EX-99.1 2 ex99-1.htm BAYTEX ENERGY TRUST CONFIRMS MONTHLY DISTRIBUTION FOR JANUARY AT $0.18 PER UNIT ex99-1.htm



 


FOR IMMEDIATE RELEASE - CALGARY, ALBERTA – JANUARY 14, 2010

BAYTEX ENERGY TRUST CONFIRMS MONTHLY DISTRIBUTION FOR JANUARY AT $0.18 PER UNIT

CALGARY, ALBERTA (January 14, 2010) - Baytex Energy Trust (“Baytex”) (TSX: BTE.UN; NYSE: BTE) announces that a cash distribution of $0.18 per trust unit in respect of January operations will be paid on February 16, 2010 to unitholders of record on January 29, 2010. The ex-distribution date is January 27, 2010.

The U.S. dollar equivalent distribution amount is approximately US$0.1744 per trust unit assuming a U.S. to Canadian dollar exchange rate of 0.9688. 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 $2.16 represents a cash-on-cash yield of approximately 7.1% based on the closing price of Baytex trust units of $30.26 on the TSX on January 13, 2010.

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 Chief Executive Officer   Telephone: (403) 267-0708
Derek Aylesworth, Chief Financial Officer   Telephone: (403) 538-3639
Brian Ector, Director of Investor Relations  Telephone: (403) 267-0702
Cheryl Arsenault, Investor Relations  Telephone: (403) 267-0761

Toll Free Number: 1-800-524-5521
Website: www.baytex.ab.ca