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New energy trust comes to Canada for IPO
New energy trust comes to Canada for IPO
(ODV/Getty Images/iStockphoto)

New energy trust comes to Canada for IPO

Riding the wave of initial public offerings for energy trusts in Canada, Crius Energy Trust is trying its own luck.

As an “independent energy retailer,” the company is looking to raise about $136-million. To do so, Crius adopted the trust structure, which allows it to distribute most of its income to investors, much like the old income trusts. It can do so because its assets are U.S.-based – the firm markets and sells natural gas and electricity to both residential and small and medium-sized companies south of the border.