Santa Fe Energy Trust Announces Additional Adjournment of Special Meeting of Unitholders
29 June 2007 - 6:47AM
Business Wire
Santa Fe Energy Trust (NYSE:SFF) announces additional adjournment
of special meeting of unitholders. The special meeting of
unitholders of Santa Fe Energy Trust originally scheduled for June
22, 2007 and previously adjourned to June 29, 2007 has been further
adjourned to allow additional time for unitholders to vote. The
special meeting will be reconvened at noon Central Time on Thursday
July 5, 2007, at the offices of the Trustee located at 601 Travis,
16th Floor, Houston, Texas. The record date for the meeting has not
been changed and remains May 25, 2007. The Trustee has determined
to adjourn the meeting to July 5 to give unitholders additional
time to vote. Of the proxies received to date, a preliminary count
indicates that approximately 95.3% of the units represented by
proxies are in favor of the proposal to extend the date by which
the Trustee is required to use reasonable efforts to sell all of
the net profits royalties held by the Trust from June 30, 2007 to
November 30, 2007, and to extend certain related deadlines, all as
described in the proxy statement for the meeting. Approval of the
proposal requires the affirmative approval of the holders of at
least 3,150,001 Trust units. Because the proposal has not yet been
approved by the unitholders, the Trustee has obtained a temporary
restraining order, from the District Court in Travis County, Texas,
postponing the sale date to July 9, 2007. If necessary, the Trustee
may also seek court approval to extend the sale date to any date up
to November 30, 2007. Additional Information About the Special
Meeting and Proposal and Where You Can Find It In connection with
the proposal to be voted on at the special meeting, the Trust has
filed a definitive proxy statement with the SEC. Before making any
voting decision with respect to the proposal, Trust unitholders are
urged to read the proxy statement because it contains important
information about the proposal. The proxy statement and any other
documents filed by the Trust with the SEC may be obtained free of
charge at the SEC�s website at www.sec.gov. In addition,
unitholders of Santa Fe Energy Trust may obtain free copies of the
proxy statement and any other documents filed with the SEC by
contacting the Trustee at the address or toll-free number shown
below, or by calling the Trust's proxy solicitor, MacKenzie
Partners, toll-free at 800-322-2885. You may also read and copy any
reports, statements and other information filed by the Trust with
the SEC at the SEC public reference room at 100 F Street, NE,
Room�1580, Washington, D.C. 20549. Please call the SEC at
1-800-SEC-0330 or visit the SEC�s website for further information
on its public reference room. The Trust will be liquidated on or
before February 15, 2008.
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