TORONTO, April 11, 2018
/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
TORONTO, April 11, 2018 /CNW/ – Crius Energy Trust (the “Trust” or “Crius Energy”) (TSX: KWH.UN) announced today that the Board of Directors of Crius Energy Administrator Inc., the administrator of the Trust (the “Board”) has approved a monthly distribution of $0.0697 per Unit through the second quarter of 2018. Such distributions are payable for each of April 2018, May 2018 and June 2018 to unitholders of the Trust as set forth below.
Record Date |
Period |
Ex-Distribution |
Distribution Payable |
Distribution |
April 30, 2018 |
April |
April 27, 2018 |
May 15, 2018 |
$0.0697 |
May 31, 2018 |
May |
May 30, 2018 |
June 15, 2018 |
$0.0697 |
June 30, 2018 |
June |
June 28, 2018 |
July 16, 2018 |
$0.0697 |
About Crius Energy Trust
With over 1.4 million residential customer equivalents, the Company provides innovative electricity, natural gas and solar products to residential and commercial customers through exclusive partnerships, direct-to-consumer, digital, and broker marketing channels. Our unique brands offer consumers a broad suite of energy products and services including fixed and variable contracts, renewable energy, and bundled products to support their energy needs beyond what is offered by their local utility. Company growth is achieved organically with customers acquired through our diversified marketing channels and through accretive acquisitions in the deregulated energy and solar industries, where there is a significant opportunity to participate in the consolidation of market participants. The Company currently sells energy products in 19 states and the District of Columbia with plans to continue expanding its geographic reach. The Company is well-positioned to deliver capital appreciation and stable distributions to investors.
The Trust intends to continue to qualify as a “mutual fund trust” under the Income Tax Act (Canada) (the “Tax Act”). The Trust will not be a “SIFT trust” (as defined in the Tax Act), provided that the Trust complies at all times with its investment restriction which precludes the Trust from holding any “non-portfolio property” (as defined in the Tax Act). Material information pertaining to Crius may be found on SEDAR under the Trust’s issuer profile at www.sedar.com or on the Trust’s website at www.criusenergytrust.ca.
SOURCE Crius Energy Trust
Article syndicated under license from Canada Newswire via QuoteMedia
View original content: http://www.newswire.ca/en/releases/archive/April2018/11/c2170.html
Michael Fallquist, Chief Executive Officer, Crius Energy Trust, (203) 663-7545; Roop Bhullar, Chief Financial Officer, Crius Energy Trust, (203) 883-9900; Kelly Castledine, Investor Relations, Crius Energy Trust, (416) 644-1753Copyright CNW Group 2018