July 11, 2018 - 4:08 PM EDT
Print Email Article Font Down Font Up Charts
Crius Announces Third Quarter 2018 Distributions

Canada NewsWire

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

TORONTO, July 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 third quarter of 2018. Such distributions are payable for each of July 2018, August 2018 and September 2018 to unitholders of the Trust as set forth below.

Record Date

Period

Ex-Distribution
Date

Distribution Payable
Date

Distribution
Amount per Unit

July 31, 2018

July

July 30, 2018

August 15, 2018

$0.0697

August 31, 2018

August

August 30, 2018

September 17, 2018

$0.0697

September 30, 2018

September

September 27, 2018

October 15, 2018

$0.0697

 

About Crius Energy Trust

With approximately 1.4 million residential customer equivalents, the Trust 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. The Trust currently sells energy products in 19 states and the District of Columbia with plans to continue expanding its geographic reach. The Trust 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

View original content: http://www.newswire.ca/en/releases/archive/July2018/11/c5533.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


Source: Canada Newswire (July 11, 2018 - 4:08 PM EDT)

News by QuoteMedia
www.quotemedia.com

Legal Notice