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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 YellowBrickRoadon Jan 23, 2019 1:45pm
130 Views
Post# 29271624

RE:Why do ppl think there was a dist. cut?

RE:Why do ppl think there was a dist. cut?Here are the amounts paid and expected:
  Pymts Payment Sub Total Total 1,000 Shares 10,000 Shares 50,000 Shares
2018 12 $0.0697   $0.8364 $836.40 $8,364.00 $41,820.00
2019 1 $0.0697 $0.0697        
2019 3 $0.209 $0.627 $0.6967 $696.70 $6,967.00 $34,835.00
2020 4 $0.209   $0.8360 $836.00 $8,360.00 $41,800.00

$0.8360 annually per share is a cut compared to $0.8364 annually but it is a matter of decimal places, not a primary intention to cut the amount.  On 50,000 shares the difference is only $20 less per year.  Over the total amount of shares of 56,605,607 they will pay out $22,642.24 less annually than they did before: $47,322,287.45 rather than $47,344,929.69.

Some people are calling the dop in 2019 a cut as due to the transition to a quarterly schedule there will be the equivalent of 10 monthly payments in 2019.  This is a cut if you look only at 2019, a deferral if you look beyond 2019.

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