EXHIBIT 5
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HARVEST ENERGY TRUST - NEWS RELEASE
(HTE.UN - TSX; HTE - NYSE)
HARVEST ENERGY TRUST ANNOUNCES DECEMBER 15TH, 2005 DISTRIBUTION
AND ADJUSTMENT TO EXCHANGEABLE SHARE RATIO
CALGARY, NOVEMBER 3, 2005 (TSX: HTE.UN; NYSE: HTE) - Harvest Energy Trust
("Harvest") today announces that a cash distribution of C$0.35 per trust unit
will be paid on December 15th, 2005 to unitholders of record on November 22nd,
2005. Harvest trust units are expected to commence trading on an ex-distribution
basis on November 18th, 2005. This distribution amount represents Distributable
Cash earned in the month of November 2005.
Harvest also announces an increase to the Exchange Ratio of the Exchangeable
Shares of Harvest Operations Corp. from 1.15394 to 1.16473. This increase will
be effective on November 15th, 2005.
As part of the Plan of Arrangement with Storm Energy Ltd. which closed on June
30, 2004, Harvest Operations Corp. issued Exchangeable Shares which are
exchangeable into trust units at a ratio that adjusts upward each month in lieu
of distributions. The Exchangeable Shares are not publicly traded. Holders of
Harvest Exchangeable Shares can exchange all or a portion of their holdings at
any time by giving notice to their investment advisor or Valiant Trust Company
at its principal transfer office at 310, 606 - 4th Street SW, Calgary, AB, T2P
1T1 (telephone: 403-233-2801).
Harvest Energy Trust is a Calgary based energy trust actively managed to
maintain or increase cash flow per trust unit through its strategy of acquiring,
enhancing and producing crude oil, natural gas and natural gas liquids. Harvest
trust units are traded on the Toronto Stock Exchange (TSX) under the symbol
"HTE.UN" and on the New York Stock Exchange (NYSE) under the symbol "HTE".
Please visit Harvest's website at www.harvestenergy.ca for additional corporate
information and a recent corporate presentation.
INVESTOR & MEDIA CONTACTS:
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JACOB ROORDA
President CORPORATE HEAD OFFICE:
Harvest Energy Trust
- -------------------------- 2100, 330 - 5th Avenue S.W.
DAVID RAIN Calgary, AB Canada T2P 0L4
Vice President & CFO
PHONE: (403) 265-1178
- -------------------------- TOLL FREE: (866) 666-1178
CINDY GRAY Fax: (403) 265-3490
Investor Relations & EMAIL: information@harvestenergy.ca
Communications Advisor WEBSITE: www.harvestenergy.ca
gray@harvestenergy.ca
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