Advantage Announces Monthly Distribution
(TSX: AVN.UN, NYSE: AAV)
CALGARY, July 13 /CNW/ - Advantage Energy Income Fund ("Advantage" or the
"Fund") announces that the cash distribution for the month of July will be
$0.15 per Unit. The distribution represents an annualized yield of 12.5% based
on the July 12, 2007 closing price of $14.42 per Unit.
The distribution will be payable on August 15, 2007 to Unitholders of
record at the close of business on July 31, 2007. The ex-distribution date is
July 27, 2007. The cash distribution is based on approximately 116.4 million
Units outstanding.
The CDN$0.15 per Unit is equivalent to approximately US$0.14 per Unit if
converted using a Canadian/US dollar exchange rate of 1.05. The US 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.
%SEDAR: 00016522E %CIK: 0001259995
For further information:
For further information: Investor Relations, Toll free: 1-866-393-0393, Advantage Energy Income Fund, 3100, 150 - 6th Avenue SW, Calgary, Alberta, T2P 3Y7, Phone: (403) 261-8810, Fax: (403) 262-0723, Web Site: www.advantageincome.com, E-mail: advantage@advantageincome.com