News release via Canada NewsWire, Calgary 403-269-7605
Attention Business/Financial Editors:
Enerplus announces cash distribution for August 2010
CALGARY, July 29 /CNW/ - Enerplus Resources Fund ("Enerplus") (TSX -
ERF.un, NYSE - ERF) is pleased to announce that a cash distribution in the
amount of CDN$0.18 per unit will be payable on August 20, 2010 to all Enerplus
Unitholders of record on August 10, 2010. The ex-distribution date for this
payment is August 6, 2010.
The CDN$0.18 per unit distribution is equivalent to approximately US$0.18
per unit if converted using a Canadian/US dollar exchange ratio of 1.03. The
U.S. 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.
Holders of Enerplus Exchangeable Limited Partnership Class B units of
record on August 10, 2010 will be eligible to receive a distribution of
CDN$0.0765 per unit on August 20, 2010 based on the exchange ratio of 0.425 of
an Enerplus trust unit for each Enerplus Exchangeable Limited Partnership
Class B unit.
Electronic copies of our financial statements, press releases, and other
public information are available on our website at www.enerplus.com.
Gordon J. Kerr
President & Chief Executive Officer
Enerplus Resources Fund
Except for the historical and present factual information contained
herein, the matters set forth in this news release, including words such as
"expects", "projects", "plans" and similar expressions, are forward-looking
information that represents management of Enerplus' internal projections,
expectations or beliefs concerning, among other things, future operating
results and various components thereof or the economic performance of
Enerplus. The projections, estimates and beliefs contained in such
forward-looking statements necessarily involve known and unknown risks and