EnerVest Diversified Income Trust

EnerVest Diversified Income Trust

September 17, 2009 18:41 ET

EnerVest Diversified Income Trust Announces Annual Redemption Information

CALGARY, ALBERTA--(Marketwire - Sept. 17, 2009) -


EnerVest Diversified Income Trust ("EnerVest" or "the Fund") (TSX:EIT.UN) announces that requests for redemption of approximately 33.2 million units were submitted by unitholders, representing approximately one third of the current issued and outstanding units. The Fund's Declaration of Trust caps the annual redemption at 10% of the issued and outstanding units. Accordingly, redemption requests will be pro rated to approximately 30% of units tendered, subject to rounding. Units not accepted for the redemption are expected to be returned to the unitholder's account on or about September 21, 2009.

Payment of the redemption proceeds will be made on or before October 16, 2009 at a redemption price equal to 95% of the average net asset value based on the three business days preceding the redemption date of October 7, 2009, less direct costs. Units that have been accepted for redemption will remain eligible for the September distribution which has a payment date of October 15, 2009.

About EnerVest

EnerVest Diversified Income Trust is Canada's largest and most liquid closed-end investment fund. Listed on the Toronto Stock Exchange under the symbol EIT.UN, the Fund is an actively managed diversified portfolio of income generating and capital growth securities, designed to maximize distributions and Net Asset Value for the benefit of its unitholders.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect EnerVest Management Ltd.'s and its affiliates (the "Administrator") current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Administrator believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Administrator undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

Contact Information