CALGARY, ALBERTA–(Marketwired – Oct. 15, 2015) – Eagle Energy Trust (“Eagle“) (TSX:EGL.UN) confirms its October 2015 distribution. The cash distribution to be paid on November 23, 2015, in respect of the period from October 1, 2015 to October 31, 2015, for unitholders of record on October 30, 2015 will be $0.03 per trust unit. The ex-distribution date is October 28, 2015.
The annualized distribution of $0.36 per trust unit represents a cash-on-cash yield of 19% based on the closing price of our trust units on the Toronto Stock Exchange on October 14, 2015 of $1.90. 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.
All material information about Eagle may be found on its website at www.eagleenergytrust.com or under Eagle’s issuer profile at www.sedar.com.
Eagle Energy Trust
Kelly Tomyn
Chief Financial Officer
(403) 531-1574
ktomyn@eagleenergytrust.com
Eagle Energy Trust
Richard W. Clark
President and Chief Executive Officer
(403) 531-1575
rclark@eagleenergytrust.com
Eagle Energy Inc.
Suite 2710, 500-4th Avenue SW
Calgary, Alberta T2P 2V6
(403) 531-1575 or (855) 531-1575 (toll free)
info@eagleenergytrust.com
www.eagleenergytrust.com