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Bullboard - Stock Discussion Forum 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... see more

GREY:CRIUF - Post Discussion

Crius Energy Trust Tr Unit > BREAK DOWN of DIVIDEND
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Post by novascotian2014 on Jan 16, 2019 12:16pm

BREAK DOWN of DIVIDEND

Lets break down today's Announcement...the Frist Quarter dividend for Jan, Feb,March will be Recorded Date May 31st..( the last Business Day (May 31st)  of the second calendar month following the end of the applicable (Frist Q) quarter...and Paid the 15th of the Next Month (June 15th) or Next Bussiness Day (the distribution of $0.209 per Unit for the first quarter of 2019 will be May 31, 2019 Record Day and June 17, 2019, Payment day respectively...THIS IS ONLY FOR THE "FRIST QUARTER PERIOD ONLY".. AFTER that it will be , any future quarterly distributions will normally be declared on or about the 15th day of the "NEXT" month immediately following the end of the applicable quarter distribution period....BY WHICH they will be SAVING 35 MILLION DOLLARS a year to support the sustainability of the distribution going forward..

So after all is Said and Done..we just Going from MONTHY PAYMENTS to QUARTERLY PAYMENTS, with GETTING THE SAME $$$ Dividends..
Comment by sotypical on Jan 16, 2019 12:20pm
This post has been removed in accordance with Community Policy
Comment by DonaldJ on Jan 16, 2019 12:59pm
Its amazing how many amateurs we have here. No its not just going quarterly. First off, this is an income trust not a stock. The purpose of INCOME trusts is income.  What they are doing is massively delaying any payout at all for 6 months. Thats no questions a complete and total abuse of the trust structure, public market structure and shareholders.  THey have elected that all ...more  
Comment by ALeon89 on Jan 16, 2019 4:34pm
Donald STFU and sell already. Oh wait, you already did and are looking to cover.
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