NAL Oil & Gas Trust Announces October Distribution and Intention to Announce Corporate Conversion Plans

- October 13th, 2010

NAL Oil & Gas Trust (TSE:NAE.UN) reported that the company plans to pay a distribution of $0.09 per unit on November 15, 2010, to Unit holders of record on October 22, 2010.

NAL Oil & Gas Trust (TSX:NAE.UN) reported that the company plans to pay a distribution of $0.09 per unit on November 15, 2010, to Unit holders of record on October 22, 2010.

The current monthly distribution annualized totals $1.08 per unit, and represents a 8.7% cash-on-cash yield based on the October 12, 2010 closing unit price of $12.43. NAL’s Board of Directors sets distribution levels taking into consideration commodity prices, forecast cash flow of the Trust, financial market conditions, availability of financing, internal capital investment opportunities and taxability.

Click here to access the entire press release

Click here to NAL Oil & Gas Trust Corporate Site

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