June 20, 2016 - 5:13 PM EDT
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Crius Energy Trust Announces Voting Results of 2016 Annual and Special Meeting

Unitholder Approval Obtained For Remaining LLC Acquisition

TORONTO, ONTARIO--(Marketwired - June 20, 2016) -


Crius Energy Trust ("Crius" or the "Trust") (TSX:KWH.UN) is pleased to announce the results of voting at the annual and special meeting (the "Meeting") of unitholders of the Trust ("Unitholders") held on June 20, 2016.

A total of 6,889,966 units of the Trust ("Units") were present in person or represented by proxy at the Meeting, representing approximately 41.15% of the issued and outstanding Units.

A report of voting results describing each of the matters voted upon at the Meeting will be filed on SEDAR under the Trust's issuer profile at www.sedar.com

Unitholders voted as follows:

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 Unitholders present or represented at the meeting as follows:

Nominee Votes For
  Votes Withheld
James A. Ajello 6,113,390 97.36 % 165,714 2.64 %
Brian Burden 6,267,287 99.81 % 11,817 0.19 %
Michael Fallquist 6,267,287 99.81 % 11,817 0.19 %
Robert Huggard 6,114,270 97.37 % 164,834 2.63 %
David Kerr 6,111,885 97.34 % 167,219 2.66 %
Daniel Sullivan 6,111,885 97.34 % 167,219 2.66 %

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.

Votes For (#) For (%)   Votes Withheld (#) Withheld (%)  
6,870,739 99.82 % 12,250 0.18 %

Issuance of Units

The issuance of up to 14,905,540 Units in partial consideration for the acquisition by the Trust and its affiliates of all of the issued and outstanding membership units of Crius Energy, LLC not already owned by Crius Energy Corporation, an indirect wholly-owned subsidiary of the Trust was overwhelmingly approved.

Other Matters Voted Upon

The resolution relating to the adoption of the Trust's Unitholder Rights Plan was approved. The resolution relating to the ratification and confirmation of the Deferred Trust Unit Plan and approval of the unallocated options, rights or other entitlements thereunder was approved.

About Crius Energy Trust

Crius Energy Trust was established to provide investors with a distribution-producing investment through its ownership interest in the Crius Energy, LLC (the "Company"). With over 900,000 residential customer equivalents, the Company is a comprehensive energy solutions partner that provides electricity, natural gas and solar products to residential and commercial customers. The Company 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. The Company currently sells energy products in 17 states and the District of Columbia with plans to continue expanding its geographic reach.

The Trust intends to continue 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 preclude the Trust from holding any "non-portfolio property" (as defined in the Tax Act). Material information pertaining to the Crius may be found on SEDAR under the Trust's issuer profile at www.sedar.com or on the Trust's website at www.criusenergytrust.ca.

Crius Energy Trust
Michael Fallquist
Chief Executive Officer
(203) 663-7545
[email protected]

Crius Energy Trust
Roop Bhullar
Chief Financial Officer
(203) 883-9900
[email protected]

Crius Energy Trust
Kelly Castledine
Investor Relations
(416) 644-1753
[email protected]

Source: Marketwired (June 20, 2016 - 5:13 PM EDT)

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