EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

May 18, 2006 09:30 ET

EnerVest Diversified Income Trust Announces April 2006 Distribution

CALGARY, ALBERTA--(CCNMatthews - May 18, 2006) - EnerVest Diversified Management Inc. (TSX:EIT.UN), the Manager of EnerVest Diversified Income Trust ("EnerVest"), announces that the record date for the next monthly distribution is May 31, 2006. The payment date will be June 15, 2006.

EnerVest's net asset value per unit was $7.77 for May 17, 2006.

EnerVest will distribute $0.07 per unit, which represents a current yield of 12% based on the closing price of $6.99 per unit on May 17, 2006. The Manager anticipates that approximately 30% of the distributions declared for the current fiscal year will not be included in taxable income for 2006.

EnerVest is an actively managed, closed-end trust which invests in a diversified portfolio of income, royalty and real estate investment trusts, and limited partnerships, all of which trade on the Toronto Stock Exchange. EnerVest's objectives are to maximize monthly distributions relative to risk, reduce investment risk, and maximize net asset value over its life. EnerVest currently has 233,483,620 units outstanding, a net asset value of approximately $1.8 billion and a daily average trading volume of 513,571 units for the first four months of 2006.

The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • EnerVest Diversified Management Inc.
    Kevin W. Wolfe
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Diversified Management Inc.
    J. Ward Mallabone
    Chief Operating Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Diversified Management Inc.
    Kristie Allen
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Diversified Management Inc.
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    Email: info@enervest.com
    Website: www.enervest.com