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

TORONTO, May 16, 2017 /CNW/ - Crius Energy Trust ("Crius" or the "Trust") (TSX: KWH.UN) is pleased to announce the results of voting at the annual meeting (the "Meeting") of unitholders of the Trust ("Unitholders") held on May 12, 2017.

A total of 13,814,956 units of the Trust ("Units") were present in person or represented by proxy at the Meeting, representing approximately 34.5% of the issued and outstanding Units.

A report of voting results describing each of the matters voted upon at the Meeting has been 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:

Appointment of Auditors of the Trust

Grant Thornton 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.

About Crius Energy Trust

The Trust provides investors with a distribution-producing investment through its 100% ownership interest in the Company. With over one million 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 16 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 precludes 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.

SOURCE Crius Energy Trust

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