EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

March 06, 2009 18:17 ET

EnerVest Diversified Income Trust Announces Taxation of Distributions Declared in 2008

CALGARY, ALBERTA--(Marketwire - March 6, 2009) -

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

EnerVest Diversified Income Trust ("EnerVest" or "the Fund") (TSX:EIT.UN), announced today that for the year ended December 31, 2008, distributions to Canadian resident unitholders of EnerVest Diversified Income Trust ("EnerVest") are to be treated for income tax purposes as follows:



1. 43.02822% of the distributions received are taxable as "other taxable
income" (Investment Income);
2. 2.14524% of the distributions received are taxable as "other taxable
income" (Not Investment Income);
3. 3.82763% of the distributions received are taxable as "actual amount
of eligible dividends";
4. 0.63759% of the distributions received are taxable as "actual amount
of non-eligible dividends";
5. 2.04317% of the distributions received are taxable as "foreign
business income";
6. 0.72092% of the distributions received are taxable as "foreign
non-business income";
7. 0.0% of the distributions received are taxable as "capital gains";
8. 48.36518% of the distributions received are return of capital;
9. (0.75694%) of the distribution is foreign business income tax paid;
and
10. (0.01101%) of the distribution is foreign non-business income tax
paid.
----------
100.00%


The 48.36158% return of capital to Unitholders reduces the adjusted cost base of the Unitholder's trust unit. Please note that the above allocations, including the foreign business and non-business income taxes paid, add to a combined total of 100%.

EnerVest distributed $0.84 per unit in 2008, distributing $0.07 per unit per month to Unitholders of record on the last trading day of each month.

About EnerVest

EnerVest Diversified Income Trust is Canada's Largest and most liquid diversified closed-end investment trust listed on the Toronto Stock Exchange (EIT.UN) providing a monthly tax effective distribution to its unitholders. EnerVest is an actively managed fund that invests in a diversified portfolio of income, royalty and real estate investment trusts, limited partnerships, and corporations or other securities primarily listed on the Toronto Stock Exchange.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect EnerVest Diversified Management Inc.'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.

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

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