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Harvest Energy Announces September 2009 Distribution

Sep 11, 2009 - 13:45 ET

 CALGARY, ALBERTA--(Marketwire - Sept. 11, 2009) - Harvest Energy Trust ("Harvest") (TSX:HTE.UN) (NYSE:HTE) today announces a cash distribution in the amount of C$0.05 per unit; payable on October 15, 2009 to all Harvest unitholders of record on September 22, 2009. The exdistribution date for this payment is September 18, 2009.

The C$0.05 per unit distribution is equivalent to approximately US$0.05 per unit if converted using a Canadian/US dollar exchange ratio of 0.9300 USD/$1.00 CAD. The U.S. dollar equivalent distribution will be based upon the prevailing Canadian/US exchange rate applied on the payment date and will be net of any Canadian withholding taxes that may apply.

The distribution declared is based on forecast commodity price levels and operating performance that are consistent with the current environment.



Ex-Distribution Payment $CAD Distribution $USD Distribution
Record Date Date Date Amount Amount
----------------------------------------------------------------------------
Sept. 22, Sept. 18, Oct. 15,
2009 2009 2009 $0.05 $0.05(1)

(1) This amount assumes an exchange rate of $0.9300 USD / $1.00 CAD, which
may not reflect the exchange rate in effect on the payment date. This
conversion is provided for directional information only.

 


Harvest is a significant operator in Canada's energy industry offering unitholders exposure to an integrated structure with upstream (exploration, development & production of crude oil and natural gas) and downstream (refining & marketing of distillate, gasoline and fuel oil) segments. We focus on identifying opportunities to create and deliver value to unitholders through monthly distributions and unit price appreciation. Our upstream oil and gas production is weighted approximately 70% to crude oil and liquids and 30% to natural gas, and is complemented by our longlife refining and marketing business. Harvest trust units are traded on the Toronto Stock Exchange ("TSX") under the symbol "HTE.UN" and on the New York Stock Exchange ("NYSE") under the symbol "HTE".      

FOR FURTHER INFORMATION PLEASE CONTACT:

 Harvest Energy
John Zahary
President & CEO
(403) 265-1178 or Toll Free: 1-866-666-1178

or

Harvest Energy
Robert Fotheringham
Chief Financial Officer
(403) 265-1178 or Toll Free: 1-866-666-1178

or

Harvest Energy
Jason Crumley
Manager, Investor Relations
(403) 265-1178 or Toll Free: 1-866-666-1178

or

Harvest Energy
2100, 330 - 5th Avenue S.W.
Calgary, AB Canada T2P 0L4
(403) 265-1178 or Toll Free: 1-866-666-1178
information@harvestenergy.ca
www.harvestenergy.ca