EnerVest Diversified Income Trust

EnerVest Diversified Income Trust

September 14, 2010 08:30 ET

EnerVest Diversified Income Trust Announces September Distribution and Provides Quarterly Distribution Outlook

CALGARY, ALBERTA--(Marketwire - Sept. 14, 2010) -


EnerVest Diversified Income Trust ("EnerVest" or the "Fund") (TSX:EIT.UN) announces the September distribution of $0.10 per unit. The record date for this distribution is September 30, 2010 and the payment date will be October 15, 2010. The ex-distribution date for this payment is September 28, 2010.

Fourth Quarter Distribution Outlook
In order to provide Unitholders with greater income visibility, EnerVest will provide a three-month outlook for monthly distributions prior to each calendar quarter. For the fourth quarter 2010, EnerVest intends to pay a $0.10 per unit distribution for each of October, November and December. Exact record, payment and ex-distribution dates for each distribution will continue to be provided via news release on a monthly basis.

About the Distribution
EnerVest's objective is to deliver a consistent, high-yield, monthly cash distribution from a portfolio of income-generating and capital growth oriented securities. At current unit prices, EIT.UN is providing our unitholders with a yield of approximately 9%. The distribution amount is reviewed regularly relative to the income earned in the Fund. Based on the Manager's current view of the stability of the investment portfolio holdings, the income derived from these investments, and barring any significant change in the economic landscape, we believe the income generated by the portfolio should remain stable for the balance of 2010. 

About EnerVest
The Fund is one of Canada's largest, most liquid, diversified closed-end investment funds. The Fund is listed on the TSX under the symbol EIT.UN and is an actively managed, diversified portfolio of income-generating and capital growth oriented securities listed on the TSX and is designed to maximize distributions and Net Asset Value for the benefit of its Unitholders.

Forward Looking Statement: Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect EnerVest Management Ltd.'s and its affiliates (the "Administrator") current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Administrator believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Administrator undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

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