Crius Energy Trust (the "Trust" or the "Company") announced the implementation of a Distribution Reinvestment Plan (the "DRIP").

The DRIP will offer Canadian resident unitholders ("Canadian Unitholders") an opportunity to increase their investment in the Trust by receiving distribution payments in the form of trust units of the Trust ("Units") without paying additional transaction costs, broker commissions, administrative costs or other service charges.

Units available for the reinvestment of distributions under the DRIP may, at the discretion of the Trust, be (a) issued from treasury, or (b) purchased on the open market at the applicable best efforts open market purchase price, all of which will be publicly announced from time to time by the Trust. Initially, Units available for reinvestment of distributions under the DRIP will be purchased on the open markets (through the facilities of the Toronto Stock Exchange) at the applicable best efforts purchase price. Under the DRIP, Units issued from treasury may be at a discount of up to 3% of the average market price and the discount will be determined from time to time by the Trust. The average market price for 'treasury purchases' is defined in the DRIP as the volume weighted average price of Units traded on the Toronto Stock Exchange for the five (5) trading days immediately preceding the relevant Distribution Payment Date (provided at least 100 Units traded on the Toronto Stock Exchange). The average market price for 'market purchases' is defined in the DRIP as the average purchase price of Units on the Toronto Stock Exchange on the date that such market purchases were made by the plan agent.

Participation in the DRIP is optional for Canadian Unitholders and will not affect a unitholders' cash distributions unless they elect to participate in the DRIP. Participants in the DRIP plan may obtain additional Units of the Trust by automatically reinvesting the cash distributions paid on Units held by the DRIP plan participant. Canadian Unitholders can choose the number of Units they would like to have enrolled in the DRIP.

Participation in the DRIP is open to all registered and beneficial unitholders in Canada. Unitholders that are resident in jurisdictions other than Canada are not eligible to participate in the DRIP at this time. Distributions are only payable as and when declared by the board of directors of Crius Energy Administrator Inc., as administrator of the Trust, and there is no entitlement to any distribution prior thereto.

Investors who hold Units through a broker or other financial institution ("nominee") and wish to participate in the DRIP must enroll in the DRIP through their respective nominee agent. The administrative practices of nominees may vary and affect the manner in which unitholders can participate in the DRIP. Also, the various dates by which actions must be taken by unitholders as set out in the DRIP may differ from the dates required by the nominee.

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Crius Energy   Finance  

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