News Column

Parallel Energy Trust Declares Distribution

February 21, 2014

Parallel Energy Trust, on February 18, confirms that its cash distribution to be paid on March 21, in respect of the period from and including February 1, to February 28, to unitholders of record on February 28, will be $0.05 per trust unit. The ex-distribution date is February 26.

Parallel is a company focusing on creating stable, consistent returns for investors through the acquisition and development of conventional oil and natural gas reserves and production with unexploited low risk potential in certain regions of the United States, and to pay out a portion of available cash to holders of trust units on a monthly basis.

More information:

((Comments on this story may be sent to

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Professional Services Close - Up

Story Tools