|By Marketwired .||
|February 14, 2014 07:00 AM EST|
CALGARY, ALBERTA -- (Marketwired) -- 02/14/14 -- Eagle Energy Trust (TSX:EGL.UN) confirms its February 2014 distribution. The cash distribution to be paid on March 21, 2014, in respect of the period from and including February 1, 2014 to February 28, 2014, for unitholders of record on February 28, 2014 will be $0.0875 per trust unit. The ex-distribution date is February 26, 2014.
The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of 13% based on the closing price of our trust units on the Toronto Stock Exchange on February 13, 2014 of $8.05(1).
About Eagle Energy Trust
Eagle is an oil and gas energy trust created to provide investors with a publicly traded, oil and natural gas focused, reliable distribution paying investment, with favourable tax treatment relative to taxable Canadian corporations.
(1) Unlike fixed income securities, Eagle has no obligation to distribute any fixed amount and reductions in, or suspension of, cash distributions may occur that would reduce future yield.