EnerVest Diversified Income Trust Announces Annual Redemption Price

CALGARY, ALBERTA--(Marketwire - Sept. 8, 2011) -

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EnerVest Diversified Income Trust ("EnerVest" or the "Fund") (TSX:EIT.UN) today announced units accepted for the voluntary annual redemption will be redeemed for $14.46 per unit in Canadian dollars. This price is equal to 95% of the average net asset value per unit based on the three business days preceding the redemption date of September 6, 2011, less direct costs. Effective September 8, 2011, Canoe Financial has remitted redemption proceeds to its transfer agent, Alliance Trust Company, for deposit into Unitholder accounts.

As previously announced on August 18, 2011 requests for redemption of approximately 27.3 million units were submitted by Unitholders. The Fund's Declaration of Trust limits the number of units redeemed pursuant to the annual redemption to 10% of the issued and outstanding units on the Redemption Date. Based on the number of units outstanding as of September 6, 2011, redemption requests will be pro rated to approximately 35.7% of units tendered, subject to rounding. Any remaining units not accepted for redemption will be returned to redeeming Unitholders on or before September 13, 2011.

About the Fund

The Fund is one of Canada's largest, diversified closed-end investment funds and is listed on the TSX under the symbol EIT.UN. The Fund's portfolio manager is Bob Haber, an award-winning portfolio manager and former CIO of Fidelity Investments Canada. The Fund is actively managed and invests in a diversified portfolio of income-generating and capital-growth oriented securities listed primarily on the TSX. The Fund is designed to maximize distributions and net asset value for the benefit of its Unitholders.

About Canoe Financial LP

Canoe Financial is the Manager of the Fund. Canoe Financial is an investment management firm focused on building financial wealth for Canadians. Canoe currently manages approximately $1.7 billion in assets through its mutual funds and closed-end products. Canoe is a strong believer in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources and its sound fiscal structure, we believe Canada provides long-term growth potential for investors.

To learn more about Canoe Financial, visit our website at www.canoefinancial.com.

Bob Haber is the Chief Executive Officer and Chief Investment Officer of Haber Trilix Advisors, LP, who is a sub-advisor to Canoe Financial LP.

Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial's current expectations regarding future results or events. Words such as "may," "will," "should," "could," "anticipate," "believe," "expect," "intend," "plan," "potential," "continue" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. This release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.