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Fording

Fording Announces Cash Distribution--Stock Has Risen 84%

12/15/03 A little over a year ago we recommended Fording. They have since risen 84%. Today they announced another major cash distribution. Details are in their press release below.

FORDING ANNOUNCES FOURTH QUARTER
CASH DISTRIBUTION

CALGARY, December 15, 2003 – Fording Canadian Coal Trust (TSX: FDG.UN, NYSE: FDG) today announced that its fourth quarter cash distribution of $1.00 per unit will be paid on January 15, 2004 to unitholders of record on December 31, 2003. The ex-distribution date is December 29, 2003. This distribution is in respect of the period from October 1, 2003 until December 31, 2003.

The Trust has paid or declared cash distributions totaling $4.49 per unit for the 10-month period beginning when the Trust was formed to December 31, 2003, based on the number of units outstanding at each record date. Of this amount, $2.993362 per unit represented income regularly distributed by the Trust. For the first and second quarters of 2003 the Trust also paid cash totaling $1.496638 per unit as the special distribution contemplated by the plan of arrangement that formed the Trust.

Further details can be found at Fording.com.

SOURCE: Fording Canadian Coal Trust

 




 

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