CALGARY--(CCNMatthews - Jan. 25) - NAL Oil & Gas Trust (TSX: NAE.UN) (the "Trust" or "NAL") today announced that, of the $2.22 per trust unit in cash distributions declared to unitholders in 2006 and to be included in the 2006 "T3 Supplementary" slips ("T3"), 100 percent is deemed income (taxable) and no portion of the 2006 distributions is considered "Return of Capital".
The following information is provided to assist individual Canadian unitholders of NAL Oil & Gas Trust in the preparation of their 2006 Income Tax Return and is not to be considered tax advice to any particular individual but rather, general information.
Trust units held within an RRSP, RRIF or DPSP
Unitholders who hold their trust units in an RRSP, RRIF or DPSP do not need to report any amounts for tax purposes.
Trust units held outside of an RRSP, RRIF or DPSP
Canadian beneficial unitholders who received distributions in 2006 outside of an RRSP, RRIF or DPSP will receive a T3 from their broker. Canadian registered unitholders who hold their units outside of a registered plan will receive a T3 from Computershare Trust Company of Canada.
The deadline for mailing all T3 Supplementary Information slips to unitholders as required by Canada Customs and Revenue Agency is March 31, 2007.
For additional details on monthly distributions paid in years prior to 2006, please visit our website at www.nal.ca [1].
NAL Oil & Gas Trust is an open-end investment trust that generates distributions through the acquisition, development, production and marketing of oil, natural gas and natural gas liquids. The Trust owns high quality assets in Alberta, Saskatchewan and Ontario. Trust units trade on the Toronto Stock Exchange under the symbol "NAE.UN".
Gord Currie
Manager, Investor Relations
(403) 294-3620 or Toll Free: 888-223-8792
Fax: (403) 515-3407
Email: investor.relations@nal.ca [2]
Website: www.nal.ca [1]
Links:
[1] http://www.nal.ca
[2] mailto:investor.relations@nal.ca