True Energy Trust, Calgary, (Toronto: TUI-UN) reports its monthly distribution payments have been suspended.

The True board will continue to review the distribution policy in light of commodity prices and other factors as it deems appropriate. Distributions will remain suspended until the board determines otherwise and unitholders will be advised once distributions are reinstated.

True shareholders can exchange all or a portion of their holdings at any time for the True trust units.

True Energy is an oil and gas trust with assets in western Canada.