Crius Energy Trust Announces Voting Results

/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/

TORONTO, May 14, 2015 /CNW/ - Crius Energy Trust (TSX: KWH.UN) (the "Trust"), is pleased to announce the results of voting at its 2015 Annual General Meeting of Unitholders held on May 13, 2015 in Toronto.

A total of 2,807,652 units of the Trust ("Units") were voted in connection with the meeting, representing approximately 28.25% of the issued and outstanding Units. Unitholders of the Trust voted as follows:

1. Election of Directors

All of the nominees proposed as directors of Crius Energy Administrator Inc. (the "Administrator"), the administrator of the Trust, that stood for re-election, were duly elected by a majority of votes cast by the unitholders of the Trust present or represented at the meeting as follows:

2. Appointment of Auditors of the Trust

Ernst & Young LLP, Chartered Accountants, was appointed as the auditor of the Trust to hold office for the ensuing year, and the board of directors of the Administrator was mandated to fix the remuneration of the auditors.

Restricted Trust Unit Plan

In response to feedback from Unitholders, the board of directors of the Administrator resolved to not seek Unitholder approval to ratify the Restricted Trust Unit Plan and all unallocated entitlement thereunder.  This item was not voted upon at the meeting.

About Crius Energy Trust

The Trust was established to provide investors with a distribution-producing investment through the acquisition of a 26.8% ownership interest in Crius Energy, LLC ("Crius Energy"). With approximately 800,000 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. Crius Energy currently sells energy products in 20 states and the District of Columbia and has plans to continue expanding its geographic reach.

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.

SOURCE Crius Energy Trust