CALGARY, ALBERTA--(Marketwired - April 15, 2013) - Eagle Energy Trust (TSX:EGL.UN) confirms its April 2013 distribution. The cash distribution to be paid on May 23, 2013, in respect of the period from and including April 1, 2013 to April 30, 2013, for unitholders of record on April 30, 2013 will be $0.0875 per trust unit. The ex-distribution date is April 26, 2013.
The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 16% based on the closing price of our trust units on the Toronto Stock Exchange on April 12, 2013 of $6.60(1).
Eagle is an oil and gas energy trust created to provide investors with a publicly traded, oil and natural gas focused, distribution producing investment, with favourable tax treatment relative to taxable Canadian corporations.
All material information pertaining to Eagle Energy Trust may be found under Eagle's issuer's profile at www.sedar.com or on Eagle's website at www.EagleEnergyTrust.com.
||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.