Vistra Energy concludes acquisition of Crius Energy Trust

Vistra Energy and Crius Energy Trust have announced the completion of the Crius Energy acquisition by Vistra.

The closing of the transaction follows the overwhelming approval of the transaction by Crius Energy unit holders at the special meeting of uni tholders held on March 28, 2019, and the receipt of all required regulatory approvals, including approval from the Federal Energy Regulatory Commission on July 8, 2019.

As a result of the closing, Crius Energy unit holders are entitled to receive CAD8.80 (US$6.75) per trust unit upon the redemption of such units. In addition, Crius Energy unit holders that were holders of record on March 26, 2019 will receive CAD0.209 (US$0.16) per unit for the distribution previously declared by Crius Energy on Jan. 16, 2019. The combination of these amounts results in total cash payable to Crius Energy unit holders of CAD9.009 (US$6.88) per unit.

The units of Crius Energy are expected to be delisted from the Toronto Stock Exchange as of the close of markets on July 17, 2019, and Crius Energy is expected to be wound-up following the redemption of the trust units on July 18, 2019.