Canetic Resources (CNE) announced its February distribution of C$.19 per trust unit (approximately US$.16 per trust unit) to be paid February 15th. This represents a 17% reduction in the trust payment.
The interesting part of the Trust's press release was the statement indicating the Trust's desire to maintain a payout ratio of approximately 60-70% of funds from operations. All else being equal then, does this mean in 2011 that the trusts income distribution will be cut further when the Trust is subject to the new Canadian tax?
(click on chart for larger image)
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