On June 26, 2009, Pengrowth announced a change to our U.S Federal Income Tax Entity Classification. This means that, effective June 30, 2009, Pengrowth was no longer considered a Master Limited Partnership for taxation purposes and the K-1 you receive for the first half of the 2009 taxation year will be the final K-1. Beginning on July 1, 2009 Pengrowth became a corporation for U.S federal income tax purposes. Pengrowth unitholders will therefore receive a 1099-DIV for the period July 1, 2009 until December 31, 2009 showing payments from Pengrowth as qualified dividends. Please refer to the 2009 income tax information below for additional information on this change.

The U.S. tax information package, which includes a Schedule K-1 form, will also be mailed to U.S. unitholders who owned Pengrowth units from January 1, 2009 until June 30, 2009 on or about February 2, 2010. U.S. unitholders may also visit the website www.taxpackagesupport.com/pengrowth to view a copy of the 2009 tax schedule, print the tax package including instructions, automatically transfer amounts from Schedule K-1 to IRS forms filed by individuals and download a file of Schedule K-1 information that can also be imported into Turbo Tax software. All K-1 inquiries should be directed to Pengrowth’s K-1 toll free hotline at 1-877-527-6387. All 1099 inquiries should be directed to your brokerage.

2009 U.S. INCOME TAX INFORMATION        PDF 197 KB

Please click here to access your 2009 K-1

This information is not exhaustive of all possible income tax considerations, but is a general guideline and is not intended to be legal or tax advice to any particular holder or potential holder of trust units. Holders or potential holders of trust units should consult their own legal and tax advisors as to their particular tax consequences of holding trust units.