CALGARY, ALBERTA--(Marketwired - Sept. 15, 2015) - Eagle Energy Trust ("Eagle") (TSX:EGL.UN) confirms its September 2015 distribution. The cash distribution to be paid on October 23, 2015, in respect of the period from September 1, 2015 to September 30, 2015, for unitholders of record on September 30, 2015 will be $0.03 per trust unit. The ex-distribution date is September 28, 2015.
The annualized distribution of $0.36 per trust unit represents a cash-on-cash yield of 19.7% based on the closing price of our trust units on the Toronto Stock Exchange on September 14, 2015 of $1.83. 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.