Crius Energy Trust announced today that the Board of Directors of Crius Energy Administrator Inc., the administrator of the Trust, has approved a 2% increase to distributions paid on units of the Trust during the first quarter of 2016, representing an annualized increase of $0.014 per Unit and a total annualized distribution of $0.714 per Unit (Canadian $).

Accordingly, distributions on Units for the months of January 2016, February 2016 and March 2016 will be paid at a rate of $0.0595 per Unit, representing a 2% increase over the previous annualized distribution rate of $0.70 per Unit.

"In 2015 we successfully completed several acquisitions and continued our organic growth strategy, both of which have raised the growth profile of our business", commented Michael Fallquist, CEO of Crius Energy. "This growth, combined with the line of sight into the expected performance of the business in 2016 and beyond supported the decision of the Board to increase the distribution paid to Unitholders."

David Kerr, Chairman of the Board, stated: "The fundamental long-term strength and sustainability of the business is evident to the Board as the management team continues to successfully execute on key growth initiatives, operations, and risk management activities. The Board is very confident in approving this 2% dividend increase and will continue to evaluate the distribution payment on a quarterly basis. We continue our unwavering commitment to our growth strategy and delivering total return to our investors through capital appreciation and growing distributions."