EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

December 14, 2006 09:30 ET

EnerVest Diversified Income Trust Announces December 2006 Distribution

CALGARY, ALBERTA--(CCNMatthews - Dec. 14, 2006) -

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 December 29, 2006. The payment date will be January 15, 2007.

EnerVest's net asset value per unit was $7.02 for December 13, 2006.

EnerVest will distribute $0.07 per unit, which represents a current yield of 14.38% based on the closing price of $5.83 per unit on December 13, 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 269,499,699 units outstanding, a net asset value of approximately $1.9 billion and a daily average trading volume of 652,785 units for the first eleven months of 2006.

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
    (403) 571-5554 (FAX)
    or
    EnerVest Diversified Management Inc.
    J. Ward Mallabone
    Chief Operating Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    or
    EnerVest Diversified Management Inc.
    Kristie Allen
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    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
    Email: info@enervest.com
    Website: www.enervest.com