Crius Energy Trust Confirms Second Quarter 2015 Distributions

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

TORONTO, April 14, 2015 /CNW/ - Crius Energy Trust (the "Trust") (TSX: KWH.UN), announced today that it has confirmed its 2015 Second Quarter distributions of $0.0583 per unit for each of April 2015, May 2015 and June 2015. 

The Board of Directors of the administrator of the Trust affirm their recent decision to declare distributions for the upcoming quarter, rather than on a monthly basis, as a reflection of its views of the recent performance of Crius Energy, LLC ("Crius Energy" or the "Company"). 

The distributions will be paid, as shown below:

Record Date

Period

Ex-Distribution Date

Dividend Payable
Date

Dividend
Amount
per Unit

April 30, 2015

April

April 28, 2015

May 15, 2015

$0.0583

May 31, 2015

May

May 27, 2015

June 15, 2015

$0.0583

June 30, 2015

June

June 26, 2015

July 15, 2015

$0.0583

 

About Crius Energy
Crius Energy Trust was established to provide investors with a distribution-producing investment through the acquisition of a 26.8% ownership interest in Crius Energy, LLC. With approximately 800,000 residential customer equivalents, Crius Energy, LLC is a comprehensive energy solutions partner that provides electricity, natural gas and solar products to residential and commercial customers. Crius Energy, LLC connects with energy customers through an innovative family-of-brands strategy and multi-channel marketing approach. This unique combination creates multiple access points to a broad suite of energy products and services that make it easier for consumers to make informed decisions about their energy needs. Crius Energy, LLC currently sells energy products in 20 states and the District of Columbia with plans to continue expanding its geographic reach.

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 the Trust may be found on www.sedar.com or www.criusenergytrust.ca.

Forward-looking statements are subject to certain risks and uncertainties, and should not be read as guarantees of future performance or results and actual results may differ materially from the conclusion, forecast or projection stated in such forward-looking statements. These risks, uncertainties and other factors include but are not limited to, Crius Energy, LLC's results of operations, financial position or cash flows, customer revenues and margins, customer additions and renewals, customer attrition, customer consumption levels, general and administrative expenses, treatment under governmental regulatory regimes, the Trust's objectives and status as a mutual fund trust and not a SIFT trust, the Trust's distributable cash and the Trust's expectations and estimates regarding the payment of distributions to unitholders. Such assumptions, expectations, estimates, risks and uncertainties are discussed under the headings "Risk Factors" (beginning on page 67) and "Special Notes to Reader – Forward-Looking Statements and Risk Factors" (beginning on page 9) in the Annual Information Form of the Trust dated March 24, 2015, and under the headings "Financial Instruments and Risk Management" (beginning on page 19) and "Forward-Looking Statements" (beginning on page 32) in the Management's Discussion and Analysis of the Trust dated March 24, 2015. Consequently, we cannot guarantee that any forward-looking statements will materialize. Readers should not place any undue reliance on such forward-looking statements. 

SOURCE Crius Energy Trust

For further information: please contact: Michael Fallquist, Chief Executive Officer, (203) 663-7545; Roop Bhullar, Chief Financial Officer, (203) 883-9900; Craig MacPhail, TMX Equicom, cmacphail@tmxequicom.com, (416) 815-0700 ext. 290


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890