EnerVest Diversified Income Trust Announces Mailing of Special Meeting Materials

CALGARY, ALBERTA--(Marketwired - Aug. 12, 2013) -

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EnerVest Diversified Income Trust ("EnerVest" or the "Fund") (TSX:EIT.UN) announces that it has filed with Canadian securities regulatory authorities and has mailed to unitholders a management information circular in respect of a special meeting of unitholders to be held on Friday, August 30, 2013 at 10:00 am (Calgary time) at The Conference Centre, First Canadian Centre, 350 - 7^th Avenue S.W., Calgary, Alberta. The management information circular is also available on www.sedar.com and on the Canoe Financial website.

The purpose of the special meeting is to consider and authorize the Manager to add a premium distribution component to the Fund's distribution reinvestment plan, and to consider and approve amendments to the Fund's declaration of trust and management agreement including: providing the Manager with the authority to issue a new class of preferred equity securities; providing a fixed administration fee to be paid to the Manager for expenses incurred on the Fund's behalf in connection with the operation and administration of the Fund; updating the Fund's investment objectives; expanding the Fund's investment options by amending the Fund's investment restrictions; permitting automatic year-end distributions for tax purposes; and other administrative matters, all as more fully described in the management information circular. The proposed amendments are expected to provide unitholders of the Fund with the following benefits:

Investment Flexibility - the proposed amendments to the Fund's distribution reinvestment plan will provide investors with a convenient and more cost effective way to increase their investment in the Fund or alternatively, enhance their regular cash distributions from the Fund.

Enhanced Investment Opportunities - the ability to issue preferred securities will provide the Fund with the option to more effectively raise additional capital, furthering the Fund's ability to actively pursue value enhancing investment opportunities as they arise.

Fixed Costs - introducing a fixed administration charge will regularize the annual operating expenses of the Fund and provide for a more consistent and predictable management expense ratio.

Improved Portfolio Diversification - expanding the investment parameters of the Fund will provide the Fund with increased flexibility, greater diversification and access to certain asset classes to which it may not otherwise have access.

The board of directors of Canoe Financial has approved the proposed amendments to the declaration of trust and management agreement and has recommended that unitholders vote in favour of the amendments. The Independent Review Committee of the Fund has reviewed the proposed amendments and after careful consideration determined that, if approved by unitholders, the Manager's proposed actions related to the proposed amendments would achieve a fair and reasonable result for the Fund.

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 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 relative to risk and maximize net asset value for the benefit of its unitholders. The Fund is managed by Robert Taylor, Senior Vice President and Portfolio Manager, Canoe Financial. Mr. Taylor is an award-winning portfolio manager and was directly responsible for managing more than $4 billion in assets in his previous position as Vice President and Portfolio Manager, Canadian Equities at BMO Global Asset Management.

About Canoe Financial LP

Canoe Financial is the Portfolio Manager and Manager of the Fund. Canoe Financial is an investment management firm focused on building financial wealth for Canadians through investing in Canada. Its 'GO CANADA!' investment thesis reflects Canoe's strategic confidence in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources, and Canada's sound fiscal structure, Canoe believes this country provides long-term growth potential for investors.

Canoe is one of Canada's fastest-growing mutual fund companies and as at July 31, 2013, manages approximately $1.7 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

Forward Looking Statement: Certain statements included in this news release constitute forward looking statements which reflect Canoe Financial's current expectations regarding future results or events. Words such as "may," "will," "should," "could," "anticipate," "believe," "expect," "intend," "plan," "potential," "continue" and similar expressions have been used to identify these forward-looking statements. Forward-looking statements involve significant risks and uncertainties and a number of factors could cause actual results to materially differ from expectations discussed in the forward looking statements including, but not limited to, changes in general economic and market conditions and other risk factors. Although the forward-looking statements are based on what Canoe Financial believes to be reasonable assumptions, we cannot assure that actual results will be consistent with these forward-looking statements. Investors should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the current date and we assume no obligation to update or revise them to reflect new events or circumstances.

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 release is for information purposes only. Investors should consult their Investment Advisor for details and risk factors regarding specific strategies and various investment products.