EXHIBIT 99.73
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ADVANTAGE ENERGY INCOME FUND - NEWS RELEASE
NOVEMBER 15, 2004
ADVANTAGE ANNOUNCES MONTHLY DISTRIBUTION OF CDN$0.25 PER UNIT
(TSX: AVN.UN)
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Advantage Energy Income Fund is pleased to announce that the cash distribution
for the month of November 2004 will be Cdn$0.25 per Unit. The current monthly
distribution represents an annualized yield of 14.2% based on the November 12,
2004 closing price of Cdn$21.15 per Unit.
The distribution will be payable on December 15, 2004 to Unitholders of record
at the close of business on November 30, 2004. The ex-distribution date is
November 26, 2004. The cash distribution is based on approximately 45.3 million
Units currently outstanding and Debentures outstanding as follows:
COUPON DEBENTURES OUTSTANDING CONVERSION PRICE
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10.00% $ 4,888,000 $ 13.30
9.00% 17,837,000 $ 17.00
8.25% 17,548,000 $ 16.50
7.75% 50,000,000 $ 21.00
7.50% 70,051,000 $ 20.25
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$ 160,324,000
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Subject to the successful closing of the Defiant acquisition on or before
December 31, 2004, Advantage will increase the cash distribution by 12% to $0.28
per Unit commencing in January 2005. The first $0.28 per Unit distribution will
be payable on February 15, 2005 to Unitholders of record at the close of
business on January 31, 2005. The ex-distribution date will be January 27, 2005.
The increased distribution represents an annualized yield of 15.9% based on the
November 12, 2004 closing price of $21.15 per Unit.
WEBCAST ALERT
VP and Director, Gary Bourgeois will be participating in the Canadian Energy
Trust Virtual Forum on Tuesday, November 16 at 9:30 am EST. The forum can be
accessed on the internet at
HTTP://WWW.INFORMEDINVESTORS.COM/IIF_FORUM.ASP?FORUMID=85132.
For further information contact:
Mr. Gary F. Bourgeois, VP and
Director Phone: (416) 945-6636
TOLL FREE: 1-866-393-0393
ADVANTAGE ENERGY INCOME FUND
3100, 150 - 6th Avenue SW
Calgary, Alberta T2P 3Y7
Phone: (403) 261-8810
Fax: (403) 262-0723
Web Site: www.advantageincome.com
E-mail: advantage@advantageincome.com
The information in this news release contains certain forward-looking statements
that involve substantial known and unknown risks and uncertainties, certain of
which are beyond Advantage's control, including: the impact of general economic
conditions, industry conditions, changes in laws and regulations including the
adoption of new environmental laws and regulations and changes in how they are
interpreted and enforced, increased competition, fluctuations in commodity
prices and foreign exchange and interest rates, stock market volatility and
obtaining required approvals of regulatory authorities. Advantage's actual
results, performance or achievement could differ materially from those expressed
in, or implied by, such forward-looking statements and, accordingly, no
assurances can be given that any of the events anticipated by the
forward-looking statements will transpire or occur or, if any of them do, what
benefits that Advantage will derive from them.