Crius Energy Trust Tr Unit CRIUF

Dividend May be Delayed

[DMR001]

Dividend Payment Change

Did anyone notice that the dividend payment could now be delayed beyond Jun 17. It is no longer the earlier of Jun 17 or closing date with Vistra. Now it is just the closing date. If that gets delayed the payment gets delayed.

[pjn0987654321]

Yes delayed, however they haven't changed their expectation that the deal will close in the 2nd quarter. 

[Olderguy]

Dividend will not be paid until the deal closes, even if the deal stretches all the way to the Drop Dead Date of Nov.6,2019.

[hpjtv77]

Link please.  Where are you getting the Nov 6th date from?  Yes, dividend will not be paid until deal closes.  Only info from their website. https://www.criusenergytrust.ca/For-Investors/Investor-News/press-release-details/2019/Crius-Energy-Trust-Reports-First-Quarter-2019-Results-Update-on-Vistra-Transaction-and-Declared-Distribution/default.aspx

[Olderguy]

The Agreement of Purchase and Sale is filed at SEDAR. If you read the Termination section agreement you will see that the agreement can be extended all the way to Nov.6, 2019. This would be the case if Vistra and Crius agreed to appeal a negative ruling from FERC.

[DMR001]

I could not find any reference to make me belived that the deal is close to closing. There is no status on any progress that I can find. Only six days (June 17) to go before the original pay date (now revoked) comes up for the Q1 trust payment. Anyone have any information on what is happening on closing with Vistra?

[pjn0987654321]

They are waiting for FERC approval.  FERC is a government agency.  KWH.UN is expecting a decision by the end of the 2nd quarter.  I don't know if there are rules as to how long the FERC can take.