Some confusion on the Crosstex boards as far as the dividend and distributions go...here's the rundown.

Crosstex L.P.(XTEX)

Based on a 1:1 coverage of distributable cash flow, the acquisition is expected to add approximately 20 to 30 cents to the 2007 and 2008 distributions. After 2008, the strategic value of the acquisition is expected to be evidenced by more material increases in the distribution, as production accelerates in the Barnett Shale area.Based on a 1:1 coverage of distributable cash flow, the acquisition is expected to add approximately 20 to 30 cents to the 2007 and 2008 distributions. After 2008, the strategic value of the acquisition is expected to be evidenced by more material increases in the distribution, as production accelerates in the Barnett Shale area.

Crosstex (XTXI)

Similarly, the Corporation expects the acquisition will be neutral to the dividend in the first eighteen months after the transaction, if the Corporation finances the acquisition with new shares. After that, it is anticipated that the dividend will increase materially due to the acquisition. The Corporation believes the acquisition could add over $2.00 to its annual dividend in the third year after closing, and significantly more in subsequent years, assuming continued drilling success in the Barnet Shale.


So if Crosstex (XTXI) has a 3.00 annual dividend by the end of 06, they are projecting another 2.00 from this addition alone, so we should have a 5.00 dividend by sometime in 2008. This would not include any additional growth from current businesses.

Hope this straightens it out. Better deal for XTXI in the longer term...but also good for XTEX.