ENERPLUS ANNOUNCES CASH DISTRIBUTION FOR NOVEMBER 2010
October 29 2010 - 5:00AM
PR Newswire (Canada)
CALGARY, Oct. 29 /CNW/ -- CALGARY, Oct. 29 /CNW/ - Enerplus
Resources Fund ("Enerplus") (TSX - ERF.un, NYSE - ERF) is pleased
to announce that a cash distribution in the amount of CDN$0.18 per
unit will be payable on November 20, 2010 to all Enerplus
Unitholders of record on November 10, 2010. The ex-distribution
date for this payment is November 8, 2010. The CDN$0.18 per unit
distribution is equivalent to approximately US$0.18 per unit if
converted using a Canadian/US dollar exchange ratio of 1.02. The
U.S. dollar equivalent distribution will be based upon the actual
Canadian/US exchange rate applied on the payment date and will be
net of any Canadian withholding taxes that may apply. Holders of
Enerplus Exchangeable Limited Partnership Class B units of record
on November 10, 2010 will be eligible to receive a distribution of
CDN$0.0765 per unit on November 20, 2010 based on the exchange
ratio of 0.425 of an Enerplus trust unit for each Enerplus
Exchangeable Limited Partnership Class B unit. Electronic copies of
our financial statements, press releases, and other public
information are available on our website at www.enerplus.com.
Gordon J. Kerr President & Chief Executive Officer Enerplus
Resources Fund Except for the historical and present factual
information contained herein, the matters set forth in this news
release, including words such as "expects", "projects", "plans" and
similar expressions, are forward-looking information that
represents management of Enerplus' internal projections,
expectations or beliefs concerning, among other things, future
operating results and various components thereof or the economic
performance of Enerplus. The projections, estimates and beliefs
contained in such forward-looking statements necessarily involve
known and unknown risks and uncertainties, which may cause
Enerplus' actual performance and financial results in future
periods to differ materially from any projections of future
performance or results expressed or implied by such forward-looking
statements. These risks and uncertainties include, among other
things, those described in Enerplus' filings with the Canadian and
U.S. securities authorities. Accordingly, holders of Enerplus Trust
Units and potential investors are cautioned that events or
circumstances could cause results to differ materially from those
predicted. %CIK: 0001126874 Investor Relations at 1-800-319-6462 or
e-mail investorrelations@enerplus.com
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