EnerVest Energy and Oil Sands Total Return Trust

EnerVest Energy and Oil Sands Total Return Trust

November 08, 2010 17:51 ET

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

CALGARY, ALBERTA--(Marketwire - Nov. 8, 2010) -


EnerVest Energy and Oil Sands Total Return Trust ("the Fund") (TSX:EOS.UN) announces that requests for redemption of approximately 12% of the issued and outstanding units were submitted by unitholders. Payment of the redemption will be made on or about November 8, 2010 at a redemption price of $9.05 per unit. 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 29, 2010, 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.

About The Fund

The Fund is listed on the TSX under the symbol EOS.UN and is an actively managed, diversified closed-end trust investing in developers and miners of the oil sands, businesses that are indirectly involved with the oil sands through the provision of supplies and services, and oil and gas businesses.

About Canoe Financial

Canoe Financial is a privately owned investment management firm with over $1.6 billion in assets under management and a solid performance track record. We are focused on helping Canadian investors and advisors meet their financial goals. Canoe Financial, through its subsidiaries, provides investors with well managed, diversified, tax effective investment products through the EnerVest family of funds. Canoe also specializes in energy and resource investments.

Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect Canoe Financial'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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