CALGARY, ALBERTA--(Marketwire - April 9,
2009) - NAL Oil & Gas Trust (the "Trust" or "NAL") (TSX:NAE.UN) will
pay a distribution of $0.09 per unit on May 15, 2009, to Unitholders of
record on April 22, 2009. The units will begin trading on an
ex-distribution basis on April 20, 2009.
The current monthly distribution annualized totals $1.08 per unit,
and represents a 14.7% cash-on-cash yield based on the April 9, 2009
closing unit price of $7.34.
NAL Oil & Gas Trust's Board of Directors sets distribution
levels taking into consideration commodity prices, forecast cash flow of
the Trust, financial market conditions, availability of financing,
internal capital investment opportunities and taxability.
NAL is also pleased to announce that the Annual General Meeting of
the Trust is to be held at 3:00pm MDT on Wednesday May 20, 2009 in the
Strand/Tivoli room at the Metropolitan Centre in Calgary, Alberta.
NAL Oil & Gas Trust provides investors with a yield-oriented
opportunity to participate in the Canadian Upstream Conventional Oil and
Gas Industry. The Trust generates monthly cash distributions for its
Unitholders by pursuing a strategy of acquiring, developing, producing
and selling crude oil, natural gas and natural gas liquids from pools in
southeastern Saskatchewan, central Alberta, northeastern British
Columbia and Lake Erie, Ontario. Trust units trade on the Toronto Stock
Exchange under the symbol "NAE.UN".
NAL Oil & Gas Trust
Manager, Investor Relations
(403) 294-3620 or Toll Free: 1-888-223-8792
(403) 515-3407 (FAX)