October 10, 2017 - 4:26 PM EDT
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Crius Announces 2% Distribution Increase and Confirms Fourth Quarter 2017 Distributions

Canada NewsWire


TORONTO, Oct. 10, 2017 /CNW/ - Crius Energy Trust (the "Trust") (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 2% increase to distributions paid on units of the Trust ("Units"), representing an annualized increase of $0.0161 per Unit and a total annualized distribution of $0.8204 per Unit. Accordingly, monthly distributions on Units for the fourth quarter of 2017 will be paid at a rate of $0.0684 per Unit, representing a 2% increase over the previous annualized distribution rate of $0.8043 per Unit.

Today, the Board declared the Trust's monthly distributions on Units, each in the amount of $0.0684 per Unit, through the fourth quarter of 2017. Such distributions are payable for each of October 2017, November 2017 and December 2017 to unitholders of the Trust as set forth below.

Record Date



Distribution Payable

Amount per Unit

October 31, 2017


October 30, 2017

November 15, 2018


November 30, 2017


November 29, 2017

December 15, 2018


December 31, 2017


December 28, 2017

January 15, 2018



About Crius Energy Trust

Crius Energy Trust provides investors with a distribution-producing investment through its indirect 100% ownership interest in Crius Energy, LLC (the "Company"). With over 1.3 million residential customer equivalents, the Company provides innovative electricity, natural gas and solar products to residential and commercial customers through exclusive partnerships and direct-to-consumer 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, growing 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

View original content: http://www.newswire.ca/en/releases/archive/October2017/10/c2686.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 2017

Source: Canada Newswire (October 10, 2017 - 4:26 PM EDT)

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