Crius Energy Trust Announces Filing of Circular for the 2018 Annual and Special Meeting to be Held on May 29, 2018

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

TORONTO, May 2, 2018 /CNW/ - Crius Energy Trust (TSX: KWH.UN) (the "Trust", "Crius" or the "Company") announced today that it has filed a management information circular (the "Circular") and related proxy materials in advance of its annual and special meeting (the "Meeting") of the unitholders of the Trust to be held on May 29, 2018. An electronic copy of the Circular is available on SEDAR at www.sedar.com or the Trust's website at www.criusenergytrust.ca.  

The Meeting will be held for the following purposes:

• to receive and consider the audited consolidated financial statements of the Trust for the year ended December 31, 2017, together with the report of the auditor thereon;
• to appoint the independent auditor of the Trust;
• to vote on a special resolution, recommended for approval by the board of Crius Energy Administrator Inc. (the "Board"), increasing the size of the Board from seven to eight members;
• to elect the directors of the Board;
• to vote on a special resolution, recommended for approval by the Board, amending the trust indenture of the Trust dated September 7, 2012, as amended and restated as of June 20, 2016, concerning governance matters, as more particularly described in the Circular; and
• to transact such other business as may properly come before the Meeting or any adjournment or postponement thereof.

David Kerr, Chairman of the Board, will be retiring from the Board at the Meeting, as his elected tenure comes to a close.

Michael Fallquist, Director and Chief Executive Officer, stated: "On behalf of Crius and its unitholders, I would like to thank David for his dedicated stewardship and for the personal insight he provided to me during his tenure as the Chairman of the Board. We wish David the very best."

The specific details of the matters proposed to be dealt with at the Meeting are described in full in the Circular, including biographical information for each director nominee. The Meeting is scheduled to be held at 10:00 a.m. (Toronto time) on May 29, 2018 at the offices of Bennett Jones LLP at Suite 3400, One First Canadian Place, Toronto, Ontario, Canada, M5X 1A4. The Board has fixed April 23, 2018, as the record date for the determination of the unitholders entitled to receive notice and vote at the Meeting.

In connection with the Meeting, the Trust entered into an amended voting agreement with GF Power I, LLC, GRM Family Limited Partnership and GF Factoring, LP. Under the amended agreement, such parties have agreed to vote all Units owned or controlled by them in favour of management's nominees to the Board at the Meeting. A more detailed description of the amended voting agreement is contained in the Circular and a copy of the agreement will be available on SEDAR.

About Crius Energy Trust

With over 1.4 million residential customer equivalents, the Company provides innovative electricity, natural gas and solar products to residential and commercial customers through exclusive partnerships, direct-to-consumer, digital, and broker marketing channels. Our unique brands offer consumers a broad suite of energy products and services including fixed and variable contracts, renewable energy, and bundled products to support their energy needs beyond what is offered by their local utility. Company growth is achieved organically with customers acquired through our diversified marketing channels and through accretive acquisitions in the deregulated energy and solar industries, where there is a significant opportunity to participate in the consolidation of market participants. The Company currently sells energy products in 19 states and the District of Columbia with plans to continue expanding its geographic reach. The Company is well-positioned to deliver capital appreciation and stable distributions to investors.

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 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

Michael Fallquist, Chief Executive Officer, Crius Energy Trust, [phone]; Roop Bhullar, Chief Financial Officer, Crius Energy Trust, [phone]; Kelly Castledine, Investor Relations, Crius Energy Trust, [phone]