EnerVest Diversified Income Trust
TSX : EIT.UN

EnerVest Diversified Income Trust

August 30, 2013 18:00 ET

EnerVest Unitholders Approve All Resolutions at Special Meeting

CALGARY, ALBERTA--(Marketwired - Aug. 30, 2013) -

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) announces that at the special meeting held today, unitholders voted in favour of each of the resolutions put forward at the meeting.

"We appreciate the support received from our unitholders today," commented Nevin Markwart, Canoe's President and CEO. "With the approval of these enhancements, we have received a clear mandate from unitholders to continue the evolution of the Fund while retaining the fundamental features that unitholders value."

The approved resolutions amending the Fund's Declaration of Trust and Management Agreement include:

  • The ability to add a premium distribution component to the Fund's distribution reinvestment plan;
  • Providing the Manager with the authority to issue a new class of preferred equity securities;
  • Providing a fixed administration fee to be paid to the Manager for expenses incurred on the Fund's behalf in connection with the operation and administration of the Fund; and
  • Other administrative matters.

A complete description of the approved resolutions is available in the Fund's information circular which was filed on SEDAR on August 12, 2013.

About the Fund

The Fund is one of Canada's largest, diversified closed-end investment funds and is listed on the TSX under the symbol EIT.UN. The Fund is actively managed and invests in a diversified portfolio of income-generating and capital growth-oriented securities listed primarily on the TSX. The Fund is designed to maximize distributions relative to risk and maximize net asset value for the benefit of its unitholders. The Fund is managed by Robert Taylor, Senior Vice President and Portfolio Manager, Canoe Financial. Mr. Taylor is an award-winning portfolio manager and was directly responsible for managing more than $4 billion in assets in his previous position as Vice President and Portfolio Manager, Canadian Equities at BMO Global Asset Management.

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 July 31, 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.

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