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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