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Retail Supplier Parent Increases Distribution Payments, Based on Continued Confidence in Growth

July 15, 2016

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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com

Crius Energy Trust announced 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 $0.0146 per Unit and a total annualized distribution of $0.7429 per Unit (all amounts Canadian $).

Accordingly, distributions on Units for the months of July 2016, August 2016 and September 2016 will be paid at a rate of $0.0619 per Unit, representing a 2% increase over the previous annualized distribution rate of $0.7283 per Unit.

"Management and the Board have continued confidence in the long-term growth strategy for Crius Energy, as evident in the third consecutive distribution increase since the beginning of 2016," commented Michael Fallquist, CEO of Crius Energy. "We expect to maintain a conservative payout ratio going forward as we have no long-term debt on the balance sheet and continue to generate strong cash flow from operations which enables management to execute on our growth strategy, both in our deregulated energy and solar businesses."

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