TORONTO – Crius Energy Trust announced today that the acquisition of Crius Energy’s business by Vienna Acquisition B.C. Ltd., a wholly-owned subsidiary of Vistra Energy Corp., is expected to close on July 15, 2019.
The company announced the following key dates for unitholders:
- Declared Distribution Payment (C$0.209): Unitholders can expect to receive payment of the previously-declared distribution of C$0.209 per trust unit of the Trust for the first quarter of 2019 on July 15, 2019.
- Delisting of Trust Units (TSX: KWH.UN): The trust units of the Trust are expected to be delisted from the Toronto Stock Exchange effective as of the close of markets on July 17, 2019.
- Cash Consideration Payment (C$8.80): Unitholders can expect to receive payment of the cash purchase price of C$8.80 per trust unit of the Trust (net of any applicable withholding tax) on or about July 18, 2019.
Michael Fallquist, Chief Executive Officer and Director of Crius Energy stated:
“On behalf of Crius Energy, we sincerely thank all of those who have supported our business, including our customers, unitholders and trusted advisors. We thank each of you for believing in us and investing in our business.”
Mr. Fallquist also added: “Vistra’s management team is committed to a seamless integration of our business and, to that end, our valued customers can expect no change in service as our business is transitioned under Vistra’s umbrella.”
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