EnerVest Diversified Income Trust

EnerVest Diversified Income Trust

September 28, 2010 18:20 ET

EnerVest Diversified Income Trust Announces Closing of Warrant Offering

CALGARY, ALBERTA--(Marketwire - Sept. 28, 2010) -


EnerVest Diversified Income Trust (TSX:EIT.UN) ("EnerVest" or the "Fund") announces that its warrant offering has closed. The Fund has issued 15,441,805 units and raised gross proceeds totaling approximately $206 million under this offering, including funds raised under the Additional Subscription Privilege. Warrant holders who exercised the Additional Subscription Privilege were allocated 100% of the units subscribed for. As at September 24, 2010, the total number of units outstanding for the Fund was 95,119,467. Net proceeds from this offering will provide the Fund with additional investment flexibility, allow the Fund to take advantage of market opportunities and should reduce the ongoing management expense ratio, for the benefit of all unitholders.

About EnerVest

The Fund is one of Canada's largest, most liquid, diversified closed-end investment funds. The Fund is listed on the TSX under the symbol EIT.UN and is an actively managed, diversified portfolio of income-generating and capital growth oriented securities, listed primarily on the TSX, designed to maximize distributions and Net Asset Value for the benefit of its unitholders.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect EnerVest Management Ltd.'s and its affiliates (the "Administrator") current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Administrator believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Administrator undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. The indicated rates of return are the historical and annual compounded total returns including changes in unit value and reinvestment of all distributions and does not take into account sales, redemption, distribution, or optional charges or income taxes payable by any security holder that would have reduced returns. Investment funds are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer. There can be no assurances that the fund will be able to maintain its net asset value at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated.

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