JCP Investment Management, LLC (together with its affiliates, “JCP” or “we”), a significant unitholder of Crius Energy Trust (“Crius” or the “Trust”) (TSX: KWH.UN), announced that certain of its director nominees, Ali Hedayat and James C. Pappas, have committed to purchase an aggregate of USD$3 million worth of Crius units in the open market, either personally or through entities they control, if JCP successfully elects its director candidates to the Board of Directors of the Trust’s administrator, Crius Energy Administrator Inc. (the “Board”), at the Trust’s upcoming 2018 Annual and Special Meeting of Unitholders.

As previously reported, JCP Investment Management, LLC previously issued a letter to the unitholders of Crius in which JCP, "expressed its concerns regarding the Trust’s underperformance and the poor capital allocation decisions under the current leadership team and informed unitholders that it intends to nominate four highly-qualified candidates, Lalit Aggarwal, Anu Dhir, Ali Hedayat and James C. Pappas, for election to the Board of Directors of the Trust’s administrator at the Trust’s upcoming 2018 Annual General Meeting."

Concerning the intent to purchase units upon the JCP slate being elected, Pappas stated, “Ali and my commitment to purchase units, in addition to our current holdings, is an indication of how strongly we believe in the value creation opportunity at Crius and how important it is for the Board to have interests that are strongly aligned with unitholders through significant equity ownership.”

If elected, each of JCP’s nominees has also committed to forego the cash consideration that they otherwise would be entitled to for serving on the Board, which JCP believes will save the Trust approximately USD$390,000 annually.

Additionally, if elected, JCP’s nominees will seek to implement minimum ownership guidelines whereby directors will be required to own a certain number of units and purchase units in the open market

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