EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

August 22, 2006 09:30 ET

EnerVest Diversified Income Trust Announces August 2006 Distribution

CALGARY, ALBERTA--(CCNMatthews - Aug. 22, 2006) - 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, 2006. The payment date will be September 15, 2006.

EnerVest's net asset value per unit was $7.98 for August 21, 2006.

EnerVest will distribute $0.07 per unit, which represents a current yield of 11.4% based on the closing price of $7.39 per unit on August 21, 2006. The Manager anticipates that approximately 40% of the distributions declared for the current fiscal year will not be included in taxable income for 2006.

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 relative to risk, reduce investment risk, and maximize net asset value over its life. EnerVest currently has 233,795,728 units outstanding, a net asset value of approximately $1.9 billion and a daily average trading volume of 469,401 units for the first seven months of 2006.

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

Contact Information

  • EnerVest Diversified Management Inc.
    Kevin W. Wolfe
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Diversified Management Inc.
    J. Ward Mallabone
    Chief Operating Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Diversified Management Inc.
    Kristie Allen
    Investor Relations
    (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