EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

August 22, 2005 09:30 ET

EnerVest Diversified Income Trust Announces August 2005 Distribution

CALGARY, ALBERTA--(CCNMatthews - Aug. 22, 2005) - EnerVest Diversified Management Inc., the Manager of EnerVest Diversified Income Trust (TSX:EIT.UN) ("EnerVest"), announces that the record date for the next monthly distribution is August 31, 2005. The payment date will be September 15, 2005.

EnerVest will distribute $0.07 per unit, which represents an annualized distribution rate of 9.72% based on the closing price of $8.64 per unit on August 19, 2005 (EnerVest's net asset value per unit was $8.40 on August 19, 2005). The Manager anticipates that approximately 55% of the distributions declared for the current fiscal year will not be included in taxable income for 2005.

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, reduce investment risk, and maximize net asset value over its life. EnerVest currently has 178,389,298 units outstanding, a net asset value of approximately $1.5 billion and an average trading volume of approximately 479,000 per day for the first seven months of 2005.

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

Contact Information

  • EnerVest Diversified Management Inc.
    Michael L. Streukens
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Diversified Management Inc.
    David J. Fischer
    Chief Financial Officer
    (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
    or
    EnerVest Diversified Management Inc.
    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