Crius Energy Trust Tr Unit CRIUF

RE:RE:What really happened here was unpleasant

[Divy]

Kissmykulo wrote: It's more than what you've worked out there.

The shift could be taken as confirmation that they are running into liquidity troubles.  Someone else posted a seeking alpha article that mentioned that this was a concern late 2018, and now this.  

What company puts a record date after the quarter in which the distribution is "earned"?  

I wasn't going to post here today, but I contacted the company for clarification on this announcement.  I suggest anyone with questions here does the same.  They responded within hours and confirmed that most of what's being posted here is the truth (and not simply bashing).

The distribution for Jan, Feb, Mar are being held back and the record date is in May and paid out in June.  That means holding the shares from now until May means that you are risking your capital and hoping that there's no change in plan from here to May/June.  Worse off is that you're not getting paid for that risk, since the record date is so far off.  Why hold off so long?  That's what bothered me.  Normally, quarterly dividends are recorded at the end of the quarter (but within the quarter timeline), and paid a couple weeks after, usually 2 weeks.  So this all doesn't pass the smell test.  If you want to buy, at least buy knowing that the risk level with this company just stepped up a huge step.  If you believe in the company, you're probably better off waiting to see quarterly numbers and see if the turnaround is actually happening, because if you see declining cash flow, that May/June distribution is guaranteed to be cut.

GLTA

I don't think there is any danger for the June distribution as they already declare it but after that it's true that nothing is sure... Let's get real payout ratio is way over 100% for the last year and they talk about the strategic changes and the 35 million blablabla but the payout ratio keep being over 100% quarter after quarter...