CALGARY, ALBERTA--(Marketwired - Mar 14, 2014) - Eagle Energy Trust (TSX:EGL.UN) ("Eagle") confirms its March 2014 distribution. The cash distribution to be paid on April 23, 2014, in respect of the period from and including March 1, 2014 to March 31, 2014, for unitholders of record on March 31, 2014 will be $0.0875 per trust unit. The ex-distribution date is March 27, 2014.
The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 13.7% based on the closing price of our trust units on the Toronto Stock Exchange on March 13, 2014 of $ 7.69(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.