EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

September 15, 2008 16:00 ET

EnerVest Diversified Income Trust Announces September 2008 Distribution and Appointment of Chief Financial Officer and Chief Operating Officer

CALGARY, ALBERTA--(Marketwire - Sept. 15, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

EnerVest Diversified Management Inc., the Manager of EnerVest Diversified Income Trust ("EnerVest") (TSX:EIT.UN), announces that the record date for the next monthly distribution is September 30, 2008. The payment date will be October 15, 2008.

EnerVest's net asset value per unit was $6.34 for September 12, 2008.

EnerVest will distribute $0.07 per unit. The Manager anticipates that approximately 25% of the distributions declared for the current fiscal year will not be included in taxable income for 2008.

EnerVest is an actively managed, closed-end trust which invests in a diversified portfolio of income, royalty and real estate investment trusts, limited partnerships, and corporations or other securities listed on the Toronto Stock Exchange. EnerVest's objectives are to maximize monthly distributions relative to risk, reduce investment risk, and maximize net asset value over its life. EnerVest currently has 301,002,242 Units outstanding, a net asset value of approximately $1.9 billion and a daily average trading volume of 549,326 units for the first eight months of 2008.

EnerVest is pleased to announce the appointment of Jane A. Depraitere, LL.B., CGA, MBA (Honours) as Chief Financial Officer and Chief Operating Officer. Prior to joining EnerVest, Ms. Depraitere was Director of Operations at Mawer Investment Management Ltd. Prior thereto, she worked for Bissett Investment Management, a Division of Franklin Templeton Investments, as Vice President and Corporate Secretary then as Vice President, Administration. During her career, Ms. Depraitere worked for Price Waterhouse, Chartered Accountants as a Manager, Financial Advisory Services and was with the Law Society of Upper Canada as an Examiner, Audit Department.

Further we would like to acknowledge the contribution of Sean Morgan, Chief Financial Officer of EnerVest, who will be leaving EnerVest to pursue other business opportunities. We wish him well in his future endeavors.

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.
    Kristie Allen
    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)
    or
    EnerVest Diversified Management Inc.
    Suite 2800, 700-9th Avenue S.W.
    Calgary, Alberta, T2P 3V4
    (403) 571-5550 or Toll Free: 1-800-459-3384
    (403) 571-5554 (FAX)
    Email: info@enervest.com
    Website: www.enervest.com