Parallel Energy Trust confirms that its cash distribution to be paid on May 23, 2013, in respect of the period from and including April 1, 2013 to April 30, 2013, to unitholders of record on April 30, 2013 will be $0.05 per trust unit. The ex-distribution date is April 26, 2013.

The Trust also announced the resignation of Dennis Feuchuk from its Board of Directors and the appointment of Philip "Phil" Scherman, FCA as a replacement on the Board for Mr. Feuchuk. Mr. Scherman is a recently retired partner of KPMG LLP and has over 40 years of audit and accounting experience in the oil and gas industry. Mr. Scherman served on the KPMG Canada board of directors for six years and was chair of the compensation committee. Mr. Scherman has a Bachelor of Commerce from the University of Saskatchewan and is a Fellow of the Institute of Chartered Accountants of Alberta.

Tags: Parallel Energy Trust