EnerVest Diversified Income Trust Announces Renewal of Normal Course Issuer Bid

CALGARY, ALBERTA--(Marketwired - Sept. 26, 2013) -

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EnerVest Diversified Income Trust ("EnerVest" or the "Fund") (TSX:EIT.UN) announced today that it has renewed its normal course issuer bid ("NCIB") with the Toronto Stock Exchange ("TSX"). The TSX has accepted EnerVest's Notice of Intention to have a NCIB in place.

As of September 20, 2013 EnerVest had 82,841,628 issued and outstanding units and had a public float of 82,390,953 units. Under the NCIB, in the next twelve months, EnerVest may purchase up to 8,239,095 of its issued and outstanding units on the open market through the facilities of the TSX, representing 10% percent of the public float. EnerVest may not purchase more than 2% of the issued and outstanding units during any 30 day period, which as at September 20, 2013 represents 1,656,833 units. The price which EnerVest will pay for any units purchased will be the prevailing market price of such units on the TSX at the time of purchase. Decisions regarding purchases of units pursuant to the NCIB will be made by EnerVest. All units purchased by EnerVest pursuant to the NCIB will be held for resale and not cancelled.

The NCIB will commence on October 1, 2013, and will terminate on September 30, 2014 or at such earlier time as the NCIB is completed or terminated at the option of EnerVest. Under the previous NCIB which commenced on October 1, 2012 and will expire on September 30, 2013, EnerVest purchased 50,000 units at an average cost of $11.31 per unit.

EnerVest believes that from time to time the purchase of EnerVest units will increase the proportionate interest of, and be advantageous to, all remaining unitholders. Any purchases made by EnerVest may also afford increased liquidity to those unitholders of EnerVest who may wish to dispose of their units during this time.

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 August 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.

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