EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

January 12, 2011 20:15 ET

EnerVest Diversified Income Trust Announces January Distribution and Provides Quarterly Distribution Outlook

CALGARY, ALBERTA--(Marketwire - Jan. 12, 2011) -

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

EnerVest Diversified Income Trust ("EnerVest" or the "Fund") (TSX:EIT.UN) announces the January distribution of $0.10 per unit. The record date for this distribution is January 31, 2011 and the payment date will be February 15, 2011. The ex-distribution date for this payment is January 27, 2011.

First Quarter Distribution Outlook

For the first quarter of 2011, the Fund intends to pay a $0.10 per unit distribution for each of January, February and March. Exact record, payment and ex-distribution dates for each distribution will continue to be provided via news release on a monthly basis.

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 over 8.0%.

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 a privately owned investment management firm with over $1.6 billion in assets under management and a solid performance track record. We are focused on helping Canadian investors and advisors meet their financial goals. Canoe Financial provides investors with well managed, diversified, tax effective investment products through the EnerVest family of funds. 

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.

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