ARC Resources Ltd./ARC Energy Trust Announce the April 2010 increase to the
ARX Exchangeable Shares Exchange Ratio
CALGARY, May 3 /CNW/ - (AET.UN and ARX - TSX) ARC Resources Ltd. along with ARC Energy Trust announces the increase to the exchange ratio of the exchangeable shares of the corporation from 2.77195 to 2.78466. Such increase will be effective on May 17, 2010.
The following are the details on the calculation of the exchange ratio:
------------------------------------------------------------------------- 10 day weighted Record average Effective date ARC trading date of ARC Energy price of of the Exchange Energy Trust AET.UN Increase increase ratio as Trust Opening distri- (prior to in in of distri- exchange bution the end of exchange exchange effective bution ratio per unit the month) ratio(xx) ratio date ------------------------------------------------------------------------- April 30, May 17, 2010 2.77195 $0.10 $21.8107 0.01271 2010 2.78466 ------------------------------------------------------------------------- (xx) The increase in the exchange ratio is calculated by dividing the ARC Energy Trust distribution per unit by the 10 day weighted average trading price of AET.UN and multiplying by the opening exchange ratio.
A holder of ARC Resources Ltd. exchangeable shares can exchange all or a portion of their holdings at any time by giving notice to their investment advisor or Computershare Investor Services at its principal transfer office in Suite 600, 530 - 8th Avenue SW, Calgary, Alberta, T2P 3S8, their telephone number is 1-800-564-6253 and their website is www.computershare.com.
ARC RESOURCES LTD. John P. Dielwart, Chief Executive Officer
%SEDAR: 00015954E %CIK: 0001029509
For further information: about ARC Energy Trust, please visit our website www.arcenergytrust.com or contact: Investor Relations, E-mail: [email protected], Telephone: (403) 503-8600, Fax: (403) 509-6427, Toll Free 1-888-272-4900, ARC Resources Ltd., 1200, 308 - 4th Avenue S.W., Calgary, AB, T2P 0H7
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