EX-99.1 2 ex99_1.htm NEWS RELEASE DATED MAY 21, 2009 ex99_1.htm

Exhibit 99.1
 
 
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NEWS RELEASE
 

Penn West Energy Trust confirms May cash distribution



Calgary, May 21, 2009 (TSX - PWT.UN; NYSE - PWE) Penn West Energy Trust (“Penn West”) confirms that its May 2009 cash distribution will be CDN$0.15 per trust unit payable on June 15, 2009 to unitholders of record on May 29, 2009. The ex-distribution date is May 27, 2009.

The CDN$0.15 per unit is equivalent to approximately US$0.13 per unit (before deduction of any applicable Canadian withholding tax) using currency exchange of one Canadian dollar equals US$0.85. Registered unitholders with U.S. addresses will receive their distributions directly from Penn West’s transfer agent, and will be paid in U.S. currency using the exchange rate in effect on the record date. Non-registered U.S. unitholders will receive their distributions through their brokers.

Penn West trust units and debentures are listed on the Toronto Stock Exchange under the symbols PWT.UN, PWT.DB.B, PWT.DB.C, PWT.DB.D, PWT.DB.E and PWT.DB.F and Penn West trust units are listed on the New York Stock Exchange under the symbol PWE.

For further information, please contact:

PENN WEST ENERGY TRUST
Suite 200, 207 – 9th Avenue S.W.
Calgary, Alberta  T2P 1K3
 
Investor Relations:
Toll Free: 1-888-770-2633
 
E-mail: investor_relations@pennwest.com
 
Phone: 403-777-2500
Fax: 403-777-2699
Toll Free: 1-866-693-2707
Website: www.pennwest.com
William Andrew, CEO
Phone:  403-777-2502
 
E-mail: bill.andrew@pennwest.com
 
 
Jason Fleury, Manager, Investor Relations
Phone:  403-539-6343
 
E-mail: jason.fleury@pennwest.com