NAL Oil & Gas Trust Announces December Distribution, Provides an Operational Update and Sets 2009 Guidance Date

NAL Oil & Gas Trust will pay a distribution of $0.16 per unit on January 15, 2009, to Unitholders of record on December 22, 2008. The units will begin trading on an ex-distribution basis on December 18, 2008.

Trailing cash distributions for the past 12 months total $1.92 per unit, representing a 29.8% cash-on-cash yield based on the December 9, 2008 closing unit price of $6.44. read more

Source: NAL Oil & Gas Trust