EnerVest Diversified Income Trust Announces February Distribution and Extension of Credit Facility

CALGARY, ALBERTA--(Marketwire - Feb. 11, 2011) -

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EnerVest Diversified Income Trust ("EnerVest" or the "Fund") (TSX:EIT.UN) announces the February distribution and the extension of its existing credit facility. The distribution for February will be $0.10 per unit. The record date for this distribution is February 28, 2011 and the payment date will be March 15, 2011. The ex-distribution date for this payment is February 24, 2011.

About the Distribution
The Fund's objective is to deliver a consistent, high-yield, monthly cash distribution from a portfolio of income-generating and capital growth oriented securities. At current unit prices, EIT.UN is providing unitholders with a yield of approximately 8.0%.

Credit Facility
EnerVest has extended its credit facility with its existing lender effective February 10, 2011. The credit facility is a 20 month facility with a one year term-out option. The maximum available credit has been increased to $350 million from $200 million, with EnerVest having the option, subject to lender approval, to increase the facility to $400 million. EnerVest is limited to borrowing an amount not to exceed 20% of the total assets of the Fund. The credit facility will be used to take advantage of market opportunities as they arise.

About the Fund
The Fund is one of Canada's largest, most liquid, diversified closed-end investment funds and is listed on the TSX under the symbol EIT.UN. EnerVest's portfolio is managed by Robert Haber of Haber Trilix Advisors, LP and is an actively managed, diversified portfolio of income-generating and capital growth oriented securities listed primarily on the TSX. The Fund is designed to maximize distributions and net asset value for the benefit of its Unitholders.

About Canoe Financial
Canoe Financial is an experienced and innovative investment management firm focused on building financial wealth for Canadians. Canoe currently manages over $1.7 billion in assets through its mutual fund and closed end products. Canoe is a strong believer in Canada as a place to invest. With continued global urbanization and worldwide demand for resources and our sound fiscal structure, we believe Canada provides long-term growth potential for investors.
Canoe Financial is committed to providing exceptional client service and is a proud partner of Canada's Investment Advisor and Financial Planner network. To learn more about Canoe and to discover which Fund is right for your clients visit our website at www.canoefinancial.com.

Forward Looking Statement: Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect Canoe Financial LP's and its affiliates ( "Canoe") 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 Canoe 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. Canoe 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.

This communication is not to be construed as a public offering to sell, or a solicitation of an offer to buy securities. Investors should contact their Investment Advisor to review their investment objectives and strategies. This information is for review purposes only, and investors should consult their Investment Advisor for complete details and risk factors on specific strategies and various investment products.