Calgary, Canada, October 20, 2011 --(PR.com
)-- Petrocapita Income Trust is pleased to announce the cash distribution for Q3 2011 in respect of its Preferred Trust Unitholders of record as of September 30, 2011. The Q3 distribution was $0.0258 per unit.
Petrocapita is a Calgary based energy investment trust built around the core premise that the world is in a bull market in commodities driven by inflation and a step-change increase in demand and, accordingly, that investments with direct or indirect exposure to commodities in a politically stable environment such as Canada will provide above average returns. Petrocapita was designed to fill the niche formerly occupied by the public energy income trust and is building a portfolio of oil assets with a focus on low cost acquisition of cash flow. The fund was created to allow investors to add professionally managed oil & gas assets directly to their portfolios without the need to take on the complex responsibilities of ownership themselves. Petrocapita is eligible for all registered plans including RRSPs and TFSAs.
Disclaimer: The opinions, estimates, projections and other information which is contained herein and derived from or attributable to persons other than Petrocapita is neither endorsed nor adopted by Petrocapita – it is presented for informational purposes only. Further, the opinions, estimates, projections and other information contained herein are not intended and are not to be construed as an offer to sell, or a solicitation to buy, any securities including those of Petrocapita and its affiliates, nor shall such opinions, estimates, projections and other information be considered as investment advice or as a recommendation to enter into any transaction. There shall not be any sale of Petrocapita securities outside of Canada or in any province of Canada in which such offer, solicitation or sale would be unlawful, and any such sale may only be made to prospective investors who meet certain eligibility criteria and who first receive any applicable offering documentation. In particular investors must currently be residents of Alberta or British Columbia and be Accredited Investors. Three of the more common categories within which persons may fit in order to qualify as an Accredited Investor are: (i) an individual who, either alone or with a spouse, beneficially owns financial assets (primarily being cash and securities) having an aggregate realizable value that before taxes, but net of any related liabilities, exceeds $1,000,000; (ii) an individual whose net income before taxes exceeded $200,000 in each of the two most recent years or whose net income before taxes combined with that of a spouse exceeded $300,000 in each of the two most recent years and who, in either case, reasonably expects to exceed that net income level in the current year; or (iii) an individual who, either alone or with a spouse, has net assets of at least $5,000,000.
Petrocapita securities have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "US Securities Act") or the securities laws of any state, and may not be offered, sold or delivered within the United States or to, or for the account or benefit of, US persons (as defined by Regulation S under the US Securities Act). This document is not for distribution on U.S. wire services or dissemination in the United States.
Forward Looking Information: This news release may contain certain information that is forward looking and, by its nature, such forward-looking information is subject to important risks and uncertainties. The words "anticipate", "expect," "may," "should," "estimate," "project," "outlook," "forecast" or other similar words are used to identify such forward looking information. Those forward-looking statements herein made by Petrocapita, if any, reflect Petrocapita's beliefs and assumptions based on information available at the time the statements were made (including, without limitation, that (i) the demand for energy will continue to grow at a pace that is unlikely to be matched by growth in production, and (ii) investment demand for tangible assets such as oil and gas assets will continue to increase for the foreseeable future). Actual results or events may differ from those anticipated or predicted in these forward-looking statements, and the differences may be material. Factors which could cause actual results or events to differ materially from current expectations include, among other things: risks associated with the ownership and operation of oil and gas assets, including fluctuations in interest rates; general economic conditions; local markets; supply and demand for energy; competition for available oil and gas assets; weather; the price of oil and energy commodities; changes in legislation and the regulatory environment; and international trade and global political conditions. Readers are cautioned not to place undue reliance on any forward-looking information contained in this news release (if any), which is given as of the date it is expressed herein. Petrocapita undertakes no obligation to update publicly or revise any forward-looking information, whether as a result of new information, future events or otherwise.