The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Marketwire

Eagle Energy Trust Confirms November 2011 Distribution

Tuesday, November 15, 2011

Eagle Energy Trust Confirms November 2011 Distribution09:00 EST Tuesday, November 15, 2011CALGARY, ALBERTA--(Marketwire - Nov. 15, 2011) -Eagle Energy Trust (TSX:EGL.UN) confirms its November 2011 distribution. The cash distribution to be paid on December 23, 2011, in respect of the period from and including November 1, 2011 to November 30, 2011, for unitholders of record on November 30, 2011 will be $0.0875 per trust unit. The ex-distribution date is November 28, 2011.The annualized distribution of $1.05 per trust unit represents a cash-on-cash yield of approximately 12% based on the closing price of our trust units on the Toronto Stock Exchange on November 14, 2011 of $8.77.(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.Richard W. Clark, President & Chief Executive OfficerAll material information pertaining to Eagle Energy Trust may be found under Eagle's issuer's profile at or on Eagle's website at (1) 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. FOR FURTHER INFORMATION PLEASE CONTACT: Richard W. ClarkEagle Energy TrustPresident and Chief Executive