diversiTrust Energy Income Fund

diversiTrust Energy Income Fund

March 22, 2005 14:53 ET

diversiTrust'TM' Energy Income Fund Announces Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: DIVERSITRUST ENERGY INCOME FUND

TSX SYMBOL: DTN.un

MARCH 22, 2005 - 14:53 ET

diversiTrust'TM' Energy Income Fund Announces
Distribution

TORONTO, ONTARIO--(CCNMatthews - March 22, 2005) - diversiTrust Energy
Income Fund ("the Fund,")(TSX:DTN.un), announces its first distribution
of $0.083 per unit of the Fund (the "Trust Units"). The distribution
will be paid on April 14, 2005, to unitholders of record as of March 31,
2005. This distribution represents an annualized yield of 10.16% based
on a Trust Unit trading price of $9.80 as at March 21, 2005.

This closed-end Fund will allow Unitholders to participate in returns on
an actively managed and diversified portfolio of equity securities of
Energy Trusts and, to a lesser extent, Energy Shares. As at March 21,
2005 the net asset value was $9.99 per Trust Unit and the closing
trading price was $9.80 per Trust Unit (representing a discount of 1.90%
when measured against the net asset value per Trust Unit).

Goodman & Company, the Manager of the Fund, is a leader in the income
trust market, managing a broad range of core and specialized income
trust funds including Dynamic Focus+ Diversified Income Trust Fund,
Dynamic Focus+ Energy Income Trust Fund, Dynamic Focus+ Small Business
Fund, Dynamic Focus+ Real Estate Fund and Dynamic Focus+ Resource Fund.
Goodman & Company also manages diversiTrust™ Income Fund (DTF.un),
diversiTrust™ Stable Income Fund (DTS.un) and diversiTrust™
Income+ Fund (DTP.un), other TSX-listed closed-end trusts.

Goodman & Company is a leading Canadian investment firm tracing its
portfolio management roots back over 45 years, with more than $15
billion in assets under management. Goodman & Company, including Dynamic
Mutual Funds and its affiliates, offers a wide range of wealth
management solutions through registered financial advisors, including
mutual funds; fee-based programs (Viscount and Marquis), limited
partnerships (CMP and Canada Dominion), a labour-sponsored fund, hedge
funds and high net-worth investment counsel (Goodman Private Wealth
Management). Goodman & Company, Investment Counsel Ltd. is a subsidiary
of Dundee Wealth Management Inc. (DW - TSX)

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Goodman & Company, Investment Counsel Ltd.
    Trevor Hampden
    (416) 365-5002
    www.diversitrust.com