/NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER UNITED STATES WIRE SERVICES/
TORONTO, May 29, 2014 /CNW/ - Crius Energy Trust (TSX: KWH.UN) (the "Trust"), is pleased to announce the results of voting at its 2014 Annual General Meeting of Unitholders held on May 14, 2014 in Toronto.
A total of 2,305,982 units of the Trust ("Units") were voted in connection with the meeting, representing approximately 23.03% 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:
|Nominee||Votes For||% For||Votes Withheld||% Withheld|
|James A. Ajello||2,123,898||99.16%||17,990||0.84%|
2. Other Business
A motion from the floor to restrict the number of directors of the board of the Administrator (the "Board") to six (6) directors, a decrease from seven (7) directors proposed in the Trust's management information circular, was passed by a show of hands.
3. Appointment of Auditors of the Trust
Ernst & Young LLP, Chartered Accountants, was appointed the auditor of the Trust for the ensuing year and the Board was mandated to fix the remuneration of the auditors.
|Votes For||% For||Votes Withheld||% Withheld|
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 more than 585,000 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 19 states and the District of Columbia with 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
For further information:
Chief Executive Officer
Chief Financial Officer
(416) 815-0700 ext. 290