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Message: Re: What to do, what to do? with the kiss

M
Feb 10, 2014 09:46AM

Feb 10, 2014 01:39PM

Feb 10, 2014 04:38PM

Feb 11, 2014 10:13AM
1
Feb 15, 2014 09:52AM

According to the 2 press releases from February 10th, the current distribution will be maintained throughout 2014, supported by the expanded credit facility:

The Trust expects to maintain the monthly distribution level of $0.0583 per unit throughout 2014, which will be reviewed by the Board of Trustees at year end. The distribution reduction applies to both unitholders of Crius Energy Trust and Crius Energy LLC.

"Reducing the distribution is a difficult choice but we feel that this action must be taken to strengthen our business for the long-term benefit of our unitholders," said Michael Fallquist, President and CEO of Crius Energy Trust. "Record-breaking energy prices and volatility in the first quarter, driven by historic cold temperatures and natural gas supply constraints, have made this decision necessary."

AND

"We are pleased to have more than doubled the working capital available to our business and increased our financial flexibility through the expansion of this facility," saidMichael Fallquist, President and CEO of Crius Energy Trust. "The expansion significantly improves the financial capacity of the company and is particularly timely given the current conditions in the retail energy market. This will allow us to take advantage of opportunities that arise in the market while also supporting distributions to our unitholders."

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Of course, a sell off of 12% which follows a monthly distribution of 1.75%, does not make me a happy investor!

1
Mar 03, 2014 09:26AM
1
M
Mar 03, 2014 09:47AM
1
Mar 03, 2014 06:02PM
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