Crius Energy Trust Responds to "False and Misleading" Statements by Anonymous Short Seller
The following is a news release from Crius Energy Trust. RetailEnergyX.com disclaims any responsibility for the content or data contained in the release below, and makes no averment as to its accuracy or statements. While the release does not cite the blog post referenced in the release, RetailEnergyX understands that the cited post appeared on the website SeekingAlpha
Crius Energy Trust Responds to False and Misleading Statements by Anonymous Short Seller
February 28, 2018
Crius Energy Trust ("Crius Energy" the "Company" or the "Trust") (TSX: KWH.UN) is issuing this news release in response to false and misleading statements in a blog posting issued today by an anonymous, self-described short seller of our trust units.
The Trust will in due course issue a follow-up news release that addresses the substance of the false and misleading statements made by the short-seller. In the meantime, Crius Energy would like to remind investors that a reputable syndicate of eight investment banks conducted due diligence on Crius Energy at the time of the Trust's initial public offering in November 2012, and have participated in, and conducted further due diligence in respect of, subsequent prospectus offerings of the Trust in June 2015, June 2016 and June 2017.
Other than the issuance of the false and misleading blog posting by the anonymous, self-described short seller, Crius Energy confirms that it is not aware of any undisclosed material change in the business, operations or affairs of the Company that would account for the recent increase in trading activity, and related decrease in trading price, of the trust units of the Trust on the Toronto Stock Exchange.
The Trust cautions investors that the self-described short seller has chosen to conceal the identity of the persons and entities who are responsible for the blog posting, and who stand to profit, at the expense of our unitholders, from false and misleading statements about Crius Energy.
About Crius Energy Trust
With over 1.4 million residential customer equivalents, the Company provides innovative electricity, natural gas and solar products to residential and commercial customers through exclusive partnerships, direct-to-consumer, digital, and broker marketing channels. Our unique brands offer consumers a broad suite of energy products and services including fixed and variable contracts, renewable energy, and bundled products to support their energy needs beyond what is offered by their local utility. Company growth is achieved organically with customers acquired through our diversified marketing channels and through accretive acquisitions in the deregulated energy and solar industries, where there is a significant opportunity to participate in the consolidation of market participants. The Company currently sells energy products in 19 states and the District of Columbia with plans to continue expanding its geographic reach. The Company is well-positioned to deliver capital appreciation and stable distributions to investors.
Material information pertaining to Crius Energy may be found on SEDAR under the Trust's issuer profile at www.sedar.com or on the Trust's website at www.criusenergytrust.ca.