EnerVest Energy and Oil Sands Total Return Trust
TSX : EOS.UN

EnerVest Energy and Oil Sands Total Return Trust

November 04, 2013 18:02 ET

EnerVest Energy and Oil Sands Total Return Trust Announces 2013 Annual and Merger Redemption Information

CALGARY, ALBERTA--(Marketwired - Nov. 4, 2013) -

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

EnerVest Energy and Oil Sands Total Return Trust (the "Fund") (TSX:EOS.UN) announces that redemption requests for the voluntary annual redemption and merger redemption of approximately 29.8% of the issued and outstanding units were submitted by unitholders. Payment of the redemption will be made on or about November 8, 2013 at a redemption price of $9.719688 per unit for both the annual redemption and merger redemption. The redemption price is calculated in accordance with the Declaration of Trust, and is the average net asset value per unit on the three business days immediately preceding the Redemption Date of October 31, 2013, less the total of estimated brokerage fees and other direct costs associated with the disposition of a corresponding amount of the portfolio securities to fund the redemption.

Please note that any redemption requests made by non-resident unitholders may be subject to withholding tax.

About The Fund

The Fund is listed on the TSX under the symbol EOS.UN and seeks to achieve income and long-term capital growth through investments in equity and fixed income securities of energy issuers by investing primarily in companies that are involved in the exploration, development, production or supply of oil and natural gas in Canada and abroad and in companies which service such industries. The Fund is suited for investors who want an actively managed portfolio targeting this strategy, which has the potential for capital appreciation while delivering a tax-advantaged monthly distribution. The Fund is managed by Rafi G. Tahmazian, Senior Portfolio Manager at Canoe Financial.

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 September 30, 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.

Contact Information