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

EnerVest Energy and Oil Sands Total Return Trust

December 13, 2011 21:10 ET

EnerVest Energy and Oil Sands Total Return Trust Announces December 2011 Distribution

CALGARY, ALBERTA--(Marketwire - Dec. 13, 2011) -

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 the December 2011 distribution of $0.0417 per unit. The distribution will be paid on January 13, 2011 to unitholders of record on December 30, 2011. The ex-distribution date for this payment is December 28, 2011.

About the Distribution

The Fund's objectives are to maximize total return through capital appreciation in the portfolio and to provide unitholders with income from monthly cash distributions.

About The Fund

The Fund is listed on the TSX under the symbol EOS.UN and provides a diversified portfolio of securities of companies, royalty and income trusts, and similar issuers involved directly or indirectly with oil sands development. The Fund also invests in oil and natural gas issuers to assist in providing ongoing monthly cash distributions. 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 Manager and Portfolio Manager of the Fund. Canoe Financial is an investment management firm focused on building financial wealth for Canadians. Canoe currently manages approximately $1.6 billion in assets through its investment products. Canoe is a strong believer in Canada as a place to invest. With continued global urbanization, increasing worldwide demand for resources and its sound fiscal structure, we believe Canada provides long-term growth potential for investors.

To learn more about Canoe Financial, visit our website at 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.

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