CALGARY, ALBERTA--(Marketwired - Dec. 15, 2015) - Eagle Energy Trust (TSX:EGL.UN) ("Eagle") confirms its December 2015 distribution. The cash distribution to be paid on January 22, 2016, in respect of the period from December 1, 2015 to December 31, 2015, for unitholders of record on December 31, 2015 will be $0.015 per trust unit. The ex-distribution date is December 29, 2015.
The annualized distribution of $0.18 per trust unit represents a cash-on-cash yield of 15.3% based on the closing price of our trust units on the Toronto Stock Exchange on December 14, 2015 of $1.18. 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 sustainable business while delivering stable growth in production and overall growth through accretive acquisitions. Eagle's units are traded on the Toronto Stock Exchange under the symbol EGL.UN.