CALGARY, ALBERTA--(Marketwired - July 15, 2013) - Eagle Energy Trust (TSX:EGL.UN) confirms its July 2013 distribution. The cash distribution to be paid on August 23, 2013, in respect of the period from and including July 1, 2013 to July 31, 2013, for unitholders of record on July 31, 2013 will be $0.0875 per trust unit. The ex-distribution date is July 29, 2013.
The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of 13.5% based on the closing price of our trust units on the Toronto Stock Exchange on July 12, 2013 of $7.751.
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.|