|By Marketwired .||
|June 16, 2014 08:00 AM EDT|
CALGARY, ALBERTA -- (Marketwired) -- 06/16/14 -- Eagle Energy Trust ("Eagle") (TSX:EGL.UN) confirms its June 2014 distribution. The cash distribution to be paid on July 23, 2014, in respect of the period from and including June 1, 2014 to June 30, 2014, for unitholders of record on June 30, 2014 will be $0.0875 per trust unit. The ex-distribution date is June 26, 2014.
The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 16.9% based on the closing price of our trust units on the Toronto Stock Exchange on June 13, 2014 of $ 6.21(1).
(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.
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. Eagle's units are traded on the Toronto Stock Exchange under the symbol EGL.UN.