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

EnerVest Energy and Oil Sands Total Return Trust

November 01, 2007 09:30 ET

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

CALGARY, ALBERTA--(Marketwire - Nov. 1, 2007) -

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 (TSX:EOS.UN) ("EnerVest") announces that requests for redemptions of 1,501,386 units were submitted by unitholders of EnerVest, being approximately 31.5% of the current issued and outstanding units as of the October 31, 2007 redemption date. Payment of the redemptions will be made on November 15, 2007 at a redemption price of $9.10 per unit. The redemption price is equal to the average net asset value per unit on the redemption valuation dates (as defined in EnerVest's Declaration of Trust) less the total of estimated brokerage fees and other costs associated with the disposition of a corresponding amount of the portfolio securities to fund such redemption.

EnerVest is an actively managed closed-end trust which invests in a diversified portfolio of: (i) companies and income trusts involved directly and indirectly in the Canadian oil sands; and (ii) traditional oil and gas royalty trusts. EnerVest's investment objectives are to maximize total return through capital appreciation in the portfolio and to provide Unitholders with a consistent monthly cash distribution.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • EnerVest Energy and Oil Sands Total Return Trust
    Kevin W. Wolfe
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Energy and Oil Sands Total Return Trust
    Sean J.H. Morgan
    Chief Financial Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Energy and Oil Sands Total Return Trust
    Kristie Allen
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Energy and Oil Sands Total Return Trust
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Energy and Oil Sands Total Return Trust
    Suite 2800, 700-9th Avenue S.W.
    Calgary, Alberta, T2P 3V4
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    Email: info@enervest.com
    Website: www.enervest.com