TORONTO, April 05, 2019 (GLOBE NEWSWIRE) -- Credit Suisse Securities (Canada), Inc. (“CSSC”) announces that it acquired 480,000 trust units (“Units”) of Crius Energy Trust (the “Issuer”) on April 4, 2019 at an average price of CDN$8.6236 per Unit, representing an aggregate price of CDN$4,139,328, which represents approximately 0.85% of the issued and outstanding Units of the Issuer. Immediately before the acquisition, CSSC held 5,186,200 Units, which represent approximately 9.16% of the issued and outstanding Units of the Issuer. Immediately following the acquisition, CSSC held 5,666,200 Units of the Issuer, which represent approximately 10.01% of the issued and outstanding Units of the Issuer.
CSSC acquired the Units through the Toronto Stock Exchange for hedging and other investment purposes in the normal course of its business and not with the purpose of influencing the control or direction of the Issuer. CSSC holds the Units as principal and is the sole beneficial owner of the Units. Additionally, the decision on whether/how to vote the Units is made solely by CSSC (i.e., there is no influence from, nor any solicitation of the voting preferences of, third parties). CSSC may in the future, subject to market conditions, make additional investments in or dispositions of the Issuer’s securities for hedging and other investment purposes. However, CSSC does not intend to acquire 20% or more of the outstanding securities of the Issuer.
This news release is issued by CSSC pursuant to the requirements of National Instrument 62‐103 The Early Warning System and Related Take ‐ Over Bid and Insider Reporting Issues . Further details regarding the acquisition of the Units described above and a copy of the early warning report filed under applicable Canadian securities laws in connection with the acquisition are available on the Issuer’s profile on SEDAR at www.sedar.com or to obtain a copy of the early warning report filed in conjunction with this news release, please contact Karina Byrne.
Credit Suisse Securities (Canada), Inc. 1 First Canadian Place Suite 2900, P.O. Box 301 Toronto, Ontario Canada M5X 1C9
Press Contact Karina Byrne, Credit Suisse AG, telephone +1 212 538 8361, karina.byrne@credit-suisse.com
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