EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

August 18, 2008 09:30 ET

EnerVest Diversified Income Trust Announces August 2008 Distribution

CALGARY, ALBERTA--(Marketwire - Aug. 18, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

EnerVest Diversified Management Inc., the Manager of EnerVest Diversified Income Trust ("EnerVest") (TSX:EIT.UN), announces that the record date for the next monthly distribution is August 29, 2008. The payment date will be September 15, 2008.

EnerVest's net asset value per unit was $6.62 for August 15, 2008.

EnerVest will distribute $0.07 per unit. The Manager anticipates that approximately 25% of the distributions declared for the current fiscal year will not be included in taxable income for 2008.

EnerVest is an actively managed, closed-end trust which invests in a diversified portfolio of income, royalty and real estate investment trusts, limited partnerships, and corporations or other securities listed 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 300,892,352 Units outstanding, a net asset value of approximately $2 billion and a daily average trading volume of 584,735 units for the first seven months of 2008.

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

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.
    Sean J. H. Morgan
    Chief Financial 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
    (403) 571-5554 (FAX)
    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