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Petrocapita Announces Common Trust Unit Dividend

/EIN News/ -- NOT FOR DISTRIBUTION TO US NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

CALGARY, Alberta, Nov. 08, 2017 (GLOBE NEWSWIRE) -- Petrocapita Income Trust (CSE:PCE.UN) (“Petrocapita” or the “Trust”) announces the approval by the Board of Directors of Petrocapita GP I Ltd., the Administrator of the Trust, of the declaration of a dividend of $0.0013 per common trust unit for the quarterly period ended December 31, 2017 (representing a yield of approximately 1.25% per annum based upon the current trading price of the common trust units).  This dividend will be paid no later than January 26, 2018 to common trust unitholders of record as of December 31, 2017.

About Petrocapita

Petrocapita Income Trust is a Specified Investment Flow Through trust developing and acquiring heavy oil production and infrastructure assets in the Lloydminster area of east central Alberta and west central Saskatchewan through its wholly owned subsidiary, Petrocapita Energy Corp. Petrocapita owns and/or operates 445 gross (426.3 net) oil wells, 91 gross (22 net) gas wells, 19 produced water disposal facilities, 3 custom oil processing facilities, 4 natural gas compressor stations, 127.25 km in pipelines, oil well service rigs, fluid haul tractors and trailers, and well site processing equipment. It is seeking accretive opportunities to acquire both oil production and complimentary midstream assets during a cyclical low in the oil and gas markets.

For further information, please contact:

Alex Lemmens, President
Telephone: (587) 393-3460

OR

Steve Elliott, Investor Relations
Telephone: (587) 700-8408

 


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