CALGARY, May 6 /CNW/ - Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB;
KEY.DB.A) announced today that the record date for Keyera's May distribution
will be May 25, 2009 and the payment date will be June 15, 2009. The
ex-distribution date is May 21, 2009.
The new record date is the result of an amendment to the Declaration of
Trust of the Fund to change the manner in which distribution record dates are
determined, which was approved by Unitholders at Keyera's Annual and Special
Meeting on May 5. Effective immediately, the record date will no longer
automatically be the last business day of each month. Therefore, starting with
the May distribution, the Board of Directors will set the record dates for
each monthly distribution period. It is expected that the record dates for
each distribution period will generally be four clear trading days following
the payment date for the previous month's distribution.
This change in the record date will not affect the payment date for
distributions. Distributions will continue to be paid on the 15th day of the
month following the record date. The record dates and payment dates for future
monthly cash distributions will be announced monthly and posted on Keyera's
website under Investor Information, Cash Distributions.
Eligible unitholders who are interested in participating in the recently
announced Premium Distribution™ and Distribution Reinvestment Plan are
encouraged to contact the institution through which they hold their units well
in advance of the record date to confirm enrolment procedures and deadlines.
Details of the Plan can be found on Keyera's website under Investor
Information, DRIP.
Disclaimer
This document contains forward-looking statements that involve known and
unknown risks and uncertainties, many of which are beyond Keyera's control.
The forward-looking statements are based on management's current expectations
and assumptions relating to Keyera's business and the environment in which it
operates. As the results or events predicted or implied in these
forward-looking statements depend upon future events, actual results or events
may differ materially from those predicted. Some of the factors which could
cause actual results or events to differ materially include changes in the
distribution policy of the Fund, changes in levels of distributable cash flow,
operational matters with respect to the Premium Distribution™ and
Distribution Reinvestment Plan, the ability of Keyera to successfully
implement strategic initiatives, whether such initiatives yield the expected
benefits, operating and other costs, future operating results and the
components of those results, fluctuations in the demand for natural gas, NGLs,
crude oil and bitumen, changes in commodity prices, the activities of
producers, competitors and others, overall economic conditions, proposed or
actual legislative changes, including any further announcements by the federal
government with respect to the tax treatment of income trusts and other known
or unknown factors. There can be no assurance that the results or developments
anticipated by Keyera will be realized or that they will have the expected
consequences for or effects on Keyera.
For additional information on these and other factors, see Keyera's
public filings on www.sedar.com. Unless otherwise required by applicable laws,
Keyera does not intend to publicly update or revise forward-looking
statements, whether as a result of new information, future events or
otherwise.
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