EnerVest Diversified Income Trust Announces July 2011 Distribution and 2011 Voluntary Cash Redemption

CALGARY, ALBERTA--(Marketwire - July 14, 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 July 2011 distribution and the 2011 voluntary cash redemption.

JULY 2011 DISTRIBUTION

The July distribution will be $0.10 per unit to be paid on August 15, 2011 to unitholders of record on July 29, 2011. The ex-distribution date for this payment is July 27, 2011. 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 8.3%.

VOLUNTARY ANNUAL CASH REDEMPTION

The redemption date for the Fund's annual voluntary cash redemption will be September 6, 2011. Unitholders have the option to redeem units of the Fund at a price equal to 95% of the average Net Asset Value (NAV) of the three trading days preceding the September 6, 2011 redemption date, less direct costs. Direct costs are expected to be less than 1%. If redemption requests exceed 10% of the aggregate outstanding units of the Fund, the Fund will process redemptions to this maximum on a pro rata basis based on the amount tendered.

Unitholders wishing to redeem their units must provide notice of their intent to redeem with their investment advisor or brokerage office no later than August 16, 2011. Please note that investment firms may impose an earlier deadline in order to facilitate the processing of redemption requests. Therefore, investors are strongly urged to consult their financial advisor or brokerage office directly to confirm the internal deadlines. Registered unitholders (those unitholders that hold a physical share certificate in their name) should contact the Fund's transfer agent, Alliance Trust Company at (403) 237-6111 to redeem their units.

Units that have been tendered and accepted for redemption will remain eligible for the July and August distribution. Payment of the redemption proceeds will be made on or before September 13, 2011.

Please note that any redemption requests made by non-resident unitholders may be subject to withholding tax.

Key Dates:
July 15 to August 16:		Unitholders may tender units for redemption
August 31, September 1 & 2:		Redemption price determined based on average NAV of these trading days
September 6:		Redemption date
September 13:		Payment of redemption proceeds on or before this date
September 20:		EnerVest warrants expire

About the Fund

The Fund is one of Canada's largest, diversified closed-end investment funds and is listed on the TSX under the symbol EIT.UN. The Fund is managed by Bob Haber, an award-winning portfolio manager and former CIO of Fidelity Investments Canada. The Fund is actively managed and invests in a 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 LP

Canoe Financial is an investment management firm focused on building financial wealth for Canadians. Canoe currently manages approximately $1.8 billion in assets through its mutual funds and closed-end products. Canoe is a strong believer in Canada as a place to invest. With continued global urbanization, increasing 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 visit our website at www.canoefinancial.com.

Bob Haber is the Chief Executive Officer and Chief Investment Officer of Haber Trilix Advisors, LP, who is a sub-advisor to Canoe Financial LP.

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. Such an offer can only be made by way of a prospectus or other applicable offering document and should be read carefully before making any investment. 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.