Exhibit 25.1

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM T-1
STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2) [ X ]

Computershare Trust Company, National Association
(Exact name of trustee as specified in its charter)
A National Banking Association
 
04-3401714
(Jurisdiction of incorporation or organization if not a U.S. national bank)
 
(IRS Employer Identification No.)
250 Royall Street, Canton, MA
 
02021
(Address of Principal Executive Offices)
 
(Zip Code)

Rose Stroud, Trust Officer
8742 Lucent Boulevard, Suite 225, Highlands Ranch, Colorado 80129
(303) 262-0797
(Name, address and telephone number of agent for service)

CorEnergy Infrastructure Trust, Inc.
(Exact name of obligor as specified in its charter)

Maryland
 
20-3431375
(State or other jurisdiction of incorporation or organization)
 
(IRS Employer Identification No.)
1100 Walnut, Ste. 3350
Kansas City, MO
 
64106
(Address of Principal Executive Offices)
 
(Zip Code)

Convertible Senior Notes due 2020
(Title of the indenture securities)




Item 1.    General Information. Furnish the following information as to the trustee:

(a)
Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency 340 Madison Avenue, 4th Floor New York, NY 10017-2613
(b)
Whether it is authorized to exercise corporate trust powers. The trustee is authorized to exercise corporate trust powers.
Item 2.
Affiliations with the obligor. If the obligor is an affiliate of the trustee, describe such affiliation.

None.

Items 3-15.
Items 3-15 are not applicable because, to the best of the trustee’s knowledge, the obligor is not in default under any Indenture for which the trustee acts as trustee.

Item 16.    List of exhibits.

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d).

1.A copy of the articles of association of the trustee. (See Exhibit 1 to Form T-1 filed with Registration Statement No. 333-179383)

2.A copy of the certificate of authority of the trustee to commence business. (See Exhibit 2 to Form T-1 filed with Registration Statement No. 333-179383)

3.A copy of the certificate of authority of the trustee to exercise trust powers. (See Exhibits 1 and 2 above)

4.A copy of the existing by-laws of the trustee, as now in effect. (See Exhibit 4 to Form T-1 filed with Registration Statement No. 333-179383)

5.
A copy of each Indenture referred to in Item 4. Note applicable.

6.The consents of United States institutional trustees required by Section 321(b) of the Act. (See Exhibit 6 to Form T-1 filed with Registration Statement No. 333-179383)

7.A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority. (See Exhibit 7 to this Form T-1)




8.A copy of any order pursuant to which the foreign trustee is authorized to act as sole trustee. Not applicable.

9.
Foreign trustee consent to service of process. Not applicable.




SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Computershare Trust Company, National Association, a national banking association, organized and existing under the laws of the United States, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Highlands Ranch, and State of Colorado, on the _31st day of October, 2018.
Computershare Trust Company, National Association

By:
corenergyt1executedimage1.gif
 
Rose Stroud
 
Trust Officer



Exhibit 7




Consolidated Report of Condition of
COMPUTERSHARE TRUST COMPANY, NATIONAL ASSOCIATION
250 Royall Street, Canton, MA 02021
at the close of business December 31, 2017.
ASSETS
Dollar Amounts In Thousands
Cash and balances due from depository institutions:
 
Noninterest-bearing balances and currency and
coin ..................................................................................

-0-
Interest-bearing balances.....................................................
-0-
Securities:
 
Held-to-maturity securities..................................................
-0-
Available-for-sale securities................................................
16,778
Federal funds sold and securities purchased under
agreements to resell:
 
Federal funds sold in domestic offices ................................
-0-
Securities purchased under agreements to
resell………………………………………

-0-
Loans and lease financing receivables:
 
Loans and leases held for sale…………….
-0-
Loans and leases, net of unearned
income…………… .........................................................

-0-
LESS: Allowance for loan and
lease losses………...........................................................

-0-
Loans and leases, net of unearned
income and allowance .....................................................

-0-
Trading assets .........................................................................
-0-
Premises and fixed assets (including capitalized
leases)..................................................................................

-0-
Other real estate owned ..........................................................
-0-
Investments in unconsolidated subsidiaries and
associated companies ..........................................................

-0-
Direct and indirect investments in real estate ventures
-0-
Intangible assets:
 
Goodwill ..............................................................................
7,756
Other intangible assets.........................................................
-0-
Other assets.............................................................................
763
Total assets .............................................................................
25,297
LIABILITIES
 
Deposits:
 
In domestic offices ..............................................................
-0-
Noninterest-bearing.............................................................
-0-
Interest-bearing ...................................................................
-0-
Federal funds purchased and securities sold under
agreements to repurchase:
 
Federal funds purchased in domestic
offices…………………………………….........................

-0-
Securities sold under agreements to
repurchase..........................................................................

-0-
Trading liabilities....................................................................
-0-
Other borrowed money:
(includes mortgage indebtedness and obligations under capitalized leases)…….


-0-





Not applicable
 
Not applicable
 
Subordinated notes and debentures.........................................
-0-
Other liabilities .......................................................................
 
 
2,012
Total liabilities........................................................................
2,012
EQUITY CAPITAL
 
Perpetual preferred stock and related
surplus…………………………………….

0
Common stock........................................................................
500
Surplus (exclude all surplus related to preferred stock)...................................................................................

18,894
Retained earnings ...................................................................
3,891
Accumulated other comprehensive income………
-0-
Other equity capital components…………………
-0-
Total bank equity capital ........................................................
23,285
Noncontrolling (minority) interests in
consolidated subsidiaries ………………………

-0-
Total equity capital .................................................................
23,285
Total liabilities and equity capital...........................................
25,297


I, Robert G. Marshall, Assistant Controller of the above named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.

Robert G. Marshall
Assistant Controller