EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

September 21, 2005 09:30 ET

EnerVest Diversified Income Trust Announces September 2005 Distribution

CALGARY, ALBERTA--(CCNMatthews - Sept. 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 September 30, 2005. The payment date will be October 14, 2005.

EnerVest will distribute $0.07 per unit, which represents an annualized distribution rate of 9.5% based on the closing price of $8.83 per unit on September 20, 2005 (EnerVest's net asset value per unit was $8.76 on September 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 178,513,874 units outstanding, a net asset value of approximately $1.6 billion and an average trading volume of approximately 459,251 per day for the first eight months of 2005.

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

Contact Information

  • 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.
    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