EnerVest Diversified Income Trust

EnerVest Diversified Income Trust

March 17, 2005 09:30 ET

EnerVest Diversified Income Trust Announces March 2005 Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: ENERVEST DIVERSIFIED INCOME TRUST

TSX SYMBOL: EIT.UN

MARCH 17, 2005 - 09:30 ET

EnerVest Diversified Income Trust Announces March 2005
Distribution

CALGARY, ALBERTA--(CCNMatthews - March 17, 2005) - EnerVest Diversified
Management Inc. (TSX:EIT.UN), the Manager of EnerVest Diversified Income
Trust ("EnerVest"), announces that the date of record for the next
monthly distribution is March 31, 2005. The date of payment will be
April 15, 2005.

EnerVest will distribute $0.07 per unit, which represents an annualized
distribution rate of 10.3% based on the closing price of $8.16 per unit
on March 16, 2005 (EnerVest's net asset value per unit was $8.08 on
March 16, 2005). The Manager anticipates that approximately 58% of the
distributions declared for the current fiscal year will not be included
in taxable income for 2005.

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, reduce investment risk, and maximize net asset value over
its life. EnerVest currently has 178,074,275 units outstanding, a net
asset value of approximately $1.44 billion and an average trading volume
of 699,100 per day for the first two months of 2005.

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Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    EnerVest Diversified Management Inc.
    Michael L. Streukens
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Diversified Management Inc.
    David J. Fischer
    Chief Financial Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Diversified Management Inc.
    Andrea Watkins
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Diversified Management Inc.
    Linda Koroluk
    Investor Relations
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    Email: info@enervest.com
    Website: www.enervest.com
    The Toronto Stock Exchange has neither approved nor disapproved the
    information contained herein.