EnerVest Energy and Oil Sands Total Return Trust
TSX : EOS.UN

EnerVest Energy and Oil Sands Total Return Trust

November 02, 2009 12:27 ET

EnerVest Energy and Oil Sands Total Return Trust Announces Annual Redemption Information

CALGARY, ALBERTA--(Marketwire - Nov. 2, 2009) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

EnerVest Energy and Oil Sands Total Return Trust ("the Fund") (TSX:EOS.UN) announces that requests for redemption of approximately 15% of the issued and outstanding units were submitted by unitholders. Payment of the redemption will be made on or about November 16, 2009 at a redemption price of $7.53 per unit. The redemption price is calculated as the average net asset value per unit on the three business days immediately preceding the Redemption Date of October 30, 2009, less the total of estimated brokerage fees and other costs associated with the disposition of a corresponding amount of the portfolio securities to fund the redemption.

About The Fund

The Fund is a closed-end trust investing in businesses involved directly and indirectly in the Canadian oil sands and traditional oil and natural gas royalty trusts.

Certain statements included in this news release constitute forwardlooking statements. The forwardlooking statements are not historical facts but reflect EnerVest Management Ltd.'s and its affiliates (the "Administrator") current expectations regarding future results or events. These forwardlooking 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 forwardlooking statements are reasonable, forwardlooking 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 forwardlooking 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

  • EnerVest Management Inc.
    Investor Relations
    Toll-Free: 1-877-434-2796
    www.enervest.com