This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Avenir Diversified loses $184,000 in second quarter 2009-08-14 08:00 ET - News Release Mr. William Gallacher reports AVENIR DIVERSIFIED INCOME TRUST ANNOUNCES SECOND QUARTER 2009 RESULTS Avenir Diversified Income Trust has released the financial and operational results for the three and six months ended June 30, 2009, and to announce it has filed the complete management discussion and analysis and unaudited consolidated financial statements on SEDAR. An electronic copy of these documents may be obtained on Avenir Diversified Income Trust's SEDAR profile. Second quarter 2009 results summary The trust produced a solid operational second quarter in what typically is the trust's weakest quarter. Funds from continuing operations were 21 per cent ahead of the same quarter in 2008. Overall distributions were 63 per cent of funds from operations as stronger results from the Elbow River Marketing Group more than made up for lower oil and particularly natural gas pricing in the trust's oil and gas division. For the quarter, Elbow River provided about 57 per cent of funds from operations, with 37 per cent from oil and gas and 6 per cent from real estate and corporate. The remainder is available to Stockwatch subscribers.
If you would like to give the Stockwatch system a try,
click here for a free 30 day trial subscription. |
Top
Print this Page