CALGARY, ALBERTA--(Marketwired - May 15, 2014) - Eagle Energy Trust (TSX:EGL.UN) ("Eagle") confirms its May 2014 distribution. The cash distribution to be paid on June 23, 2014, in respect of the period from and including May 1, 2014 to May 31, 2014, for unitholders of record on May 30, 2014 will be $0.0875 per trust unit. The ex-distribution date is May 28, 2014.
The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 17.4% based on the closing price of our trust units on the Toronto Stock Exchange on May 14, 2014 of $ 6.05(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. 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.