GREY:CRIUF - Post by User
Comment by
Marilynmon Jun 18, 2019 10:36am
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Post# 29835574
RE:RE:RE:RE:Unexplained Situation
RE:RE:RE:RE:Unexplained Situation Also, DMR001, double check the following statement KWH made on May 10, which said "the distribution record date will be March 26, 2019 (as previously announced)". It is not May 31 as you said.
The Update on Vistra Transaction and Payment of Declared Distribution for Q1 2019
Crius Energy and Vistra are awaiting approval from the Federal Energy Regulatory Commission ("FERC") in order to consummate the Vistra Transaction. The parties expect to close the Vistra Transaction no later than the fifth business day after the receipt of such FERC approval, subject to the satisfaction or waiver of other customary closing conditions.
Given the uncertainty on timing to receive FERC approval, Crius Energy is also providing the following updates:
- Declared Distribution: The payment of the previously-declared distribution of C$0.209 per trust unit of the Trust for the first quarter of 2019 has been amended such that (a) the distribution record date will be March 26, 2019 (as previously announced), and (b) the distribution payment date will be the closing date of the Vistra Transaction.
- Annual Meeting of Unitholders: As required by the trust indenture, the Trust will schedule an annual meeting of unitholders on June 28, 2019 to, among other things, present the financial statements of the Trust for the fiscal year ended December 31, 2018 and appoint the auditors of the Trust for the ensuing year. The meeting will not be held if the Vistra Transaction closes prior to June 28, 2019.