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Nope, it doesn't work that way. Trusts can't distribute tax credits to beneficiaries via a K-1. The trust itself can use the tax credits to offset its own tax liability, but they can't be passed on to beneficiaries. The K-1 form is used to report a beneficiary's share of the trust's income, deductions, and credits, but not refundable credits. So, unfortunately, you can't assign those refundable tax credits in a quarterly filing.
Actually, a trust can distribute tax credits to their beneficiaries. The distribution will be reflected on K1 by the end of the tax year.
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