EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

October 21, 2005 09:30 ET

EnerVest Diversified Income Trust Announces October 2005 Distribution

CALGARY, ALBERTA--(CCNMatthews - Oct. 21, 2005) - EnerVest Diversified Management Inc., the Manager of EnerVest Diversified Income Trust (TSX:EIT.UN) ("EnerVest"), announces that the record date for the next monthly distribution is October 31, 2005. The payment date will be November 15, 2005.

EnerVest will distribute $0.07 per unit, which represents an annualized distribution rate of 12.0% based on the closing price of $7.02 per unit on October 20, 2005 (EnerVest's net asset value per unit was $7.14 on October 20, 2005). The Manager anticipates that approximately 55% 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 178,581,478 units outstanding, a net asset value of approximately $1.3 billion and an average trading volume of approximately 458,938 per day for the first nine months of 2005.


The Toronto Stock Exchange has neither approved nor disapproved the information contained herein.

Contact Information

  • EnerVest Diversified Management Inc.
    Kevin W. Wolfe
    President & Chief Executive Officer
    (403) 571-5550 or Toll Free: 1-800-459-3384
    or
    EnerVest Diversified Management Inc.
    J. Ward Mallabone
    Chief Operating Officer
    (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