Crius Energy Trust Tr Unit CRIUF

Utilities Utilities - Diversified

"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

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Crius Energy Trust Tr Unit > Dividend depostited into 15 Jul - Where to reinvest?

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Comment by StormyDon Jul 15, 2019 1:08pm

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Post# 29921191

RE:RE:RE:Dividend depostited into 15 Jul - Where to reinvest?

'Problem' with HOT.UN arose because of major renovation projects on several of their hotels - increasing costs and decreasing revenues in the process. Just announce this AM, that 3 of 10 hotels completed on time and on budget. Expectations are for great improvements in financials moving forward.

One word to wise: restrict this entity to your RRSP - cuz it's assets are US based and there is a 15% IRS withholding tax on part of the monthly distribution. If not held in RRSP but in Non-Registered Account you recover part of the IRS tax as a Foreign Tax Credit from CRA. If held in TFSA - the IRS tax is a total loss. Just saying!

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