Published:
Primary Energy Recycling Corporation Announces May Distribution
Primary Energy Recycling Corporation Announces May Distribution
OAK BROOK, IL, May 16 /PRNewswire-FirstCall/ - Primary Energy Recycling
Corporation (TSX: PRI.UN) announced today that a cash distribution of Cdn$
0.06667 per enhanced income security ("EIS") of the Issuer will be paid on
June 30, 2008 to holders of record on May 30, 2008.
Each EIS consists of one common share of the Issuer (a "Common Share") and
Cdn$ 2.50 principal amount of 11.75% subordinated note of the Issuer (the
"Subordinated Note"). The EISs trade on the Toronto Stock Exchange under the
symbol PRI.UN. The total distribution of Cdn$ 0.06667 per EIS reflects a cash
distribution of Cdn$ 0.04219 per Common Share and an interest payment of Cdn$
0.02448 per Cdn$ 2.50 principal amount of Subordinated Note for the period
from May 1 to May 31, 2008.
The Issuer owns a majority interest in Primary Energy Recycling Holdings
LLC ("Primary Energy"). PrimaryEnergy, headquartered inOak Brook, Illinois,
indirectly owns and operates four recycled energy projects and a 50% interest
in a pulverized coal facility (collectively, the "Projects"). The Projects
have a combined electrical generating capacity of 283 megawatts and a combined
steam generating capacity of 1.8 MMlbs/hour. PrimaryEnergy creates value for
its customers by capturing and recycling waste energy from industrial and
electric generation processes and converting it into reliable and economical
electricity and thermal energy for its customers' use. For more information,
please visit us at www.primaryenergyrecycling.com .
SOURCE Primary Energy Recycling Corporation
Copyright © 2008, PRNewswire
Copyright © 2008, NewsBlaze,
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