SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the period April 26, 2006 to April 27, 2006
PENGROWTH ENERGY TRUST
2900,
240 4th Avenue S.W.
Calgary, Alberta T2P 4H4 Canada
(address of principal executive offices)
[Indicate by check mark whether the registrant files or will file annual reports under cover
Form 20-F or Form 40-F.]
[Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under
the Security Exchange Act of 1934.]
[If Yes is marked, indicate below the file number assigned to the registrant in connection
with Rule 12g3-2(b): ]
NEWS RELEASE
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Attention:
Financial Editors
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Stock
Symbol: PGF.A, PGF.B, TSX; PGH, NYSE |
PENGROWTH ENERGY TRUST ANNOUNCES RETENTION OF ADVISORS BY SPECIAL COMMITTEE
(Calgary, April 27, 2006) Pengrowth Corporation, Administrator of Pengrowth Energy Trust, today
announced that the Special Committee of the Board of Directors has retained BMO Nesbitt Burns and
Merrill Lynch as its financial advisors and Burnet, Duckworth and Palmer LLP as its legal advisors.
The Special Committee was formed by the Board of Directors of Pengrowth Corporation to consider
whether the Class A and Class B trust unit structure continues to be in the best interests of
Pengrowth Energy Trust and its Unitholders and to make recommendations to the Board of Directors.
The mandate of the Special Committee includes examining the impact of the structure upon
Pengrowths ability to execute its business plan, alternatives for unwinding the structure and the
potential impact of any course of action on both the Class A and Class B Unitholders.
To facilitate the process of the Special Committee, the date of Pengrowths annual general meeting
has been delayed until Friday, June 23, 2006 with a record date of May 5, 2006.
There can be no assurance regarding any changes the Special Committee will recommend to the Board
of Directors, the likelihood of the implementation of any such recommendations, the consequences of
such implementation, including the potential effect on the market price or value of the Class A
trust units or Class B trust units, which effect may be significantly different as between the
Class A trust units and Class B trust units, or the terms or timing thereof.
PENGROWTH CORPORATION
James S. Kinnear, Chairman, President and
Chief Executive Officer
For further information about Pengrowth, please visit our website www.pengrowth.com or contact:
Investor Relations, E-mail: investorrelations@pengrowth.com
Telephone: (403) 233-0224 Toll Free: 1-800-223-4122 Facsimile: (403) 294-0051
Investor Relations, Toronto, Toll Free: 1-888-744-1111 Facsimile: (401) 362-8191
Caution Regarding Forward-Looking Information
This press release contains forward-looking statements within the meaning of securities laws,
including the safe harbour provisions of the Ontario Securities Act and the United States Private
Securities Litigation Reform Act of 1995. Forward-looking information is often, but not always,
identified by the use of words such as anticipate, believe, expect, plan, intend,
forecast, target, project, may, will, should, could, estimate, predict or similar
words suggesting future outcomes or language suggesting an outlook. Forward-looking statements in
this press release include, but are not limited to, statements with respect to: the recommendations
to be made to the Board of Directors by the special committee, and the timing and impact thereof.
Forward-looking statements and information are based on Pengrowths current beliefs as well as
assumptions made
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by and information currently available to Pengrowth concerning anticipated financial performance,
business prospects, strategies and regulatory developments. Although management considers these
assumptions to be reasonable based on information currently available to it, they may prove to be
incorrect.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both
general and specific, and risks that predictions, forecasts, projections and other forward-looking
statements will not be achieved. We caution readers not to place undue reliance on these statements
as a number of important factors could cause the actual results to differ materially from the
beliefs, plans, objectives, expectations and anticipations, estimates and intentions expressed in
such forward-looking statements. These factors include, but are not limited to those found under
the heading Business Risks in our managements discussion and analysis for the year ended
December 31, 2005 and under Risk Factors in Pengrowths Annual Information Form.
Pengrowth cautions that the foregoing list of factors that may affect future results is not
exhaustive. When relying on our forward-looking statements to make decisions with respect to
Pengrowth, investors and others should carefully consider the foregoing factors and other
uncertainties and potential events. Furthermore, the forward-looking statements contained in this
press release are made as of the date of this press release and Pengrowth does not undertake any
obligation to up-date publicly or to revise any of the included forward-looking statements, whether
as a result of new information, future events or otherwise. The forward-looking statements
contained in this press release are expressly qualified by this
cautionary statement.