Petrocapita Postpones Interest Payment on 9% Preferred Units

World News: . []

CALGARY, Alberta , May 18, 2018 (GLOBE NEWSWIRE) -- Petrocapita Income Trust (CSE:PCE.UN) (“”) announces that it has postponed the cash interest payment on the 9% preferred trust units that was payable at March 31, 2018 for $40,830.03.  Payment of the quarterly interest was due on May 15, 2018. The Trust was unable to make payment due to reduced cash flow from lower than expected heavy oil prices.  Payment of the cash interest will resume as soon as sufficient cashflow permits.

Petrocapita Income Trust is a Specified Investment Flow Through trust developing and acquiring heavy oil production and infrastructure assets in the Lloydminster area of east central Alberta and west central Saskatchewan through its wholly owned subsidiaries, Petrocapita Oil and Gas L.P. and Petrocapita Processing L.P.

For further information, please contact: 

Richard Mellis, PresidentTelephone: (587) 393-3459

OR

Steve Elliott, Investor Relations Telephone: (587) 700-8408

More news and information about Petrocapita Income Trust

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Globe Newswire: 16:08 GMT Friday 18th May 2018

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