Crius Energy Trust Confirms Third Quarter 2015 Distributions

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

TORONTO, July 14, 2015 /CNW/ - Crius Energy Trust (the "Trust") (TSX: KWH.UN) announced today that it has confirmed its monthly distribution of $0.0583 per unit through the third quarter of 2015, payable for each of July 2015, August 2015 and September 2015. 

The board of directors of Crius Energy Administrator Inc., administrator of the Trust, affirms its recent decision to declare monthly distributions on a quarterly-by-quarter basis, rather than on a monthly-by-month basis, as a positive reflection on the recent performance of Crius Energy, LLC ("Crius Energy"). 

Distributions for the third quarter of 2015 will be paid to unitholders as set forth below:

Record Date

Period

Ex-Distribution Date

Dividend Payable Date

Dividend Amount per Unit

July 31, 2015

July

July 29, 2015

August 17, 2015

$0.0583

August 31, 2015

August

August 27, 2015

September 15, 2015

$0.0583

September 30, 2015

September

September 28, 2015

October 15, 2015

$0.0583


About Crius Energy Trust

Crius Energy Trust was established to provide investors with a distribution-producing investment through the acquisition of a 43.1% 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 SEDAR under the Trust's issuer profile at www.sedar.com or on the Trust's website 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: 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


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