/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE
SERVICES/
TORONTO, March 26, 2014 /CNW/ - Crius Energy Trust (the "Trust") (TSX:
KWH.UN), announced today the appointment of Christian McArthur as
Executive Vice President of Procurement, Pricing and Product
Engineering. Mr. McArthur is a veteran of the retail energy industry
with over 10 years of experience. Most recently, he was a Senior Vice
President at Just Energy responsible for energy supply operations for
all North American businesses.
"Christian has strong skills in energy procurement, hedging and
forecasting," said Michael Fallquist, Chief Executive Officer of the
Trust. "This, along with his extensive experience and broad knowledge
of the energy markets across North America, will be valuable as we
execute our strategy to expand the Crius Energy banner throughout the
United States and diversify our product offering."
In his previous position, Christian oversaw trading, risk management,
customer analytics and forecasting through Just Energy's expansion from
three to 20 markets across North America, serving more than four
million customers. He was also successful at new product development
and innovating new revenue streams.
"I am excited about joining Crius Energy as it builds a strong market
presence in the United States," said Mr. McArthur. "Its unique family
of brands strategy and multiple distribution channels provide it with
momentum to capture market share."
About Crius Energy Trust
Crius Energy Trust has been established to provide investors with a
distribution-producing investment through the acquisition of a 26.8%
ownership interest in Crius Energy. With over 610,000 residential
customer equivalents, Crius Energy is a comprehensive energy solutions
partner that provides electricity, natural gas and solar products to
residential and commercial customers. Crius Energy connects with energy
customers through an innovative family-of-brands strategy and
multi-channel marketing approach. This unique combination creates
multiple access points to a broad suite of energy products and services
that make it easier for consumers to make informed decisions about
their energy needs. With headquarters in Stamford, Connecticut, Crius
Energy currently sells electricity, natural gas and/or solar power in
19 states and the District of Columbia. More information is available
at www.criusenergytrust.ca.
The Trust intends to qualify as a "mutual fund trust" under the Income
Tax Act (Canada) (the "Tax Act"). The Trust will not be a "SIFT trust"
(as defined in the Tax Act), provided that the Trust complies at all
times with its investment restriction which precludes the Trust from
holding any "non-portfolio property" (as defined in the Tax Act).
Material information pertaining to the Trust may be found on www.sedar.com or www.criusenergytrust.ca.
Forward-Looking Statements
This news release contains forward-looking information that involves
substantial known and unknown risks and uncertainties, most of which
are beyond the control of Crius Energy, including, without limitation,
those listed under "Risk Factors" and "Forward-Looking Statements" in
the Trust's Annual Information Form dated March 28, 2013
(collectively, "forward-looking information"). Forward-looking
information in this news release includes, but is not limited to, the
Trust's objectives and status as a mutual fund trust and not a SIFT
trust and the results of operations of the Company. Crius Energy
cautions investors of Crius Energy's securities about important factors
that could cause Crius Energy's actual results to differ materially
from those projected in any forward-looking statements included in this
news release. Any statements that express, or involve discussions as to
expectations, beliefs, plans, objectives, assumptions or future events
or performance are not historical facts and may be forward-looking and
may involve estimates, assumptions and uncertainties which could cause
actual results or outcomes to differ materially from those expressed in
such forward-looking statements. No assurance can be given that the
expectations set out in this news release will prove to be correct and
accordingly, prospective investors should not place undue reliance on
these forward-looking statements. These statements speak only as of the
date of this news release and Crius Energy does not assume any
obligation to update or revise them to reflect new events or
circumstances.
SOURCE Crius Energy Trust
