PROVIDENT ENERGY TR
			Symbol			PVX

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Provident Announces October Cash Distribution and 2009 Third Quarter Results Release Date

2009-10-09 14:14 ET - News Release

CALGARY, ALBERTA -- (MARKET WIRE) -- 10/09/09

All values are in Canadian dollars and conversions of natural gas volumes to barrels of oil equivalent (boe) are at 6:1 unless otherwise indicated.

Provident Energy Trust (Provident) (TSX: PVE.UN) (NYSE: PVX) today announced that its October cash distribution of $0.06 per unit is payable on November 13, 2009 and will be paid to unitholders of record on October 22, 2009. The ex-distribution date will be October 20, 2009. The Trust's current annualized cash distribution rate is $0.72 per trust unit. Based on the current annualized cash distribution rate and the TSX closing price on October 8, 2009 of $6.11, Provident's yield is approximately 12 percent.

For unitholders receiving their distribution in U.S. funds, the October 2009 cash distribution will be approximately US$0.06 per unit based on an exchange rate of 0.9492. The actual U.S. dollar distribution will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

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