February 2015 dividend distribution confirmation..
Post# of 65
Posted On: 02/17/2015 10:05:36 AM
February 2015 dividend distribution confirmation...
Quote:
NEWS RELEASE
FOR IMMEDIATE RELEASE
EAGLE ENERGY TRUST CONFIRMS FEBRUARY 2015 DISTRIBUTION
Calgary, Alberta - February 13, 2015 (TSX: EGL.UN): Eagle Energy Trust (“Eagle”) confirms its February 2015 distribution. The cash distribution to be paid on March 23, 2015, in respect of the period from and including February 1, 2015 to February 28, 2015, for unitholders of record on February 27, 2015 will be $0.03 per trust unit. The ex-distribution date is February 25, 2015.
The annualized distribution of $0.36 per trust unit represents a cash-on-cash yield of 17.6% based on the closing price of our trust units on the Toronto Stock Exchange on February 12, 2015 of $2.04. 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 moderate 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. For further information, please contact:
Kelly Tomyn Chief Financial Officer (403) 531-1574 ktomyn@eagleenergytrust.com
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 (855) 531-1575 (toll free) info@eagleenergytrust.com
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