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Retail Supplier Parent Announces Distribution Increase
Canadian-listed Crius Energy Trust announced today that the Board of Directors of Crius Energy Administrator Inc., the administrator of the Trust, has approved a 2% increase to distributions paid on units of the Trust, representing an annualized increase of $0.0143 per Unit and a total annualized distribution of $0.7283 per Unit.
Accordingly, distributions on Units for the months of April 2016, May 2016 and June 2016 will be paid at a rate of $0.0607 per Unit, representing a 2% increase over the previous annualized distribution rate of $0.714 per Unit.
"We are pleased with the Board's decision to approve a 2% distribution increase for the second time since the beginning of the year," commented Michael Fallquist, CEO of Crius Energy. "With no long-term debt on our balance sheet and strong operating cash flows generated by the business, Management and the Board are very confident in the long-term outlook for Crius Energy as we continue to execute on our strategic growth plans."
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April 12, 2016
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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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