CALGARY, ALBERTA--(Marketwired - Aug 15, 2014) - Further to its news release of August 13, 2014 in which Eagle Energy Trust ("Eagle") (TSX:EGL.UN) announced that it has set its distribution at $0.0875 per unit per month for August, September and October 2014, Eagle confirms its August 2014 cash distribution to be paid on September 23, 2014, in respect of the period from and including August 1, 2014 to August 31, 2014, for unitholders of record on August 29, 2014 will be $0.0875 per trust unit. The ex-distribution date is August 27, 2014.
The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 16.6% based on the closing price of our trust units on the Toronto Stock Exchange on August 14, 2014 of $ 6.331.
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.
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.