Crius Announces Second Quarter 2018 Distributions

/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
Date

Distribution Payable
Date

Distribution
Amount per Unit

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

About the author: Canada Newswire (CNW Group) is Canada’s primary resource for time-critical news and information from more than 10,000 Canada-based sources, as well as around the world. French news is provided with this news distribution.