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Crius Energy Trust Tr Unit CRIUF

"Crius Energy Trust through its subsidiaries is engaged in the sale of electricity and natural gas to residential and commercial customers under variable price and fixed-price contracts. The company, through its subsidiaries, also markets solar products to its existing customers as well as to new prospects. It provides retail electricity to its customers in the Connecticut, Delaware, District of Columbia, Illinois, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Ohio, Pennsy


GREY:CRIUF - Post by User

Comment by miladyGon Jan 16, 2019 12:47pm
99 Views
Post# 29240282

RE:RE:RE:RE:RE:RE:RE:RE:RE:why the confusion? NOT PAYING UNTIL JUNE

RE:RE:RE:RE:RE:RE:RE:RE:RE:why the confusion? NOT PAYING UNTIL JUNE
So lets do some reading together:

"Under the new quarterly distribution schedule, any future distributions declared by the Board would be for the three-month period ending on March 31, June 30, September 30 or December 31, as applicable."
so if no exception, thats pretty clear.

Now the excetion:
"With the exception of the distribution for the first quarter of 2019, which was approved by the Board on January 14, 2019, the Board expects that any future quarterly distributions will normally be declared on or about the 15th day of the month immediately following the end of the applicable quarterly distribution period"
so that would be for 2nd, 3rd and 4th quarter of 2019, to expect distribution in July, October and January.

Also,
"We are pleased to maintain our distribution for the first quarter of 2019 at the same level paid to unitholders in the fourth quarter of 2018. We are confident that the strategic changes we've made to our business, which result in a $35 million annual improvement to our earnings, support the sustainability of the distribution going forward,"

Which says there is a distribution for the first quarter 2019. Its just delayed to June. Then in July should come the distribution for 2nd quarter, etc.







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