ISS Recommends EnerVest Diversified Income Trust Unitholders Vote FOR Proposed Amendments

CALGARY, ALBERTA--(Marketwired - Aug. 26, 2013) -

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Institutional Investor Services (ISS), a leading proxy advisory firm, has recommended that unitholders of EnerVest Diversified Income Trust ("EnerVest" or the "Fund") (TSX:EIT.UN) vote in favour of each of the proposed amendments described in the management information circular mailed to unitholders on August 9, 2013, and available at www.canoefinancial.com and www.sedar.com. ISS is a leading independent corporate governance analysis and proxy voting firm whose recommendations assist unitholders in making proxy voting and transaction decisions. The proposed amendments will be voted on at a special meeting of unitholders on August 30, 2013 at 10:00 am in Calgary, Alberta.

Addressing the first proposed amendment, the addition of a Premium Distribution component to the existing Distribution Reinvestment Plan, the ISS report notes: "It is noted that there will be no additional costs to the investor associated with the Premium Distribution component of the plan. The Premium Distribution component is expected to help increase the sustainability of the Fund by supporting the Fund's efforts to stay fully invested. In light of the reasonable rationale and no significant noted governance concerns, a vote FOR this resolution is warranted."

With respect to the second amendment, permitting the Fund to issue preferred units, ISS commented: "Preferred units are a valid form of financing, and the proper use of such shares can enhance unitholder value."

Regarding the third proposed amendment, which includes introducing a fixed administration charge and other administrative matters, ISS noted: "As all the recommendations appear to be housekeeping in nature and are expected to enhance the operational efficiency of the Fund, a vote FOR this resolution is warranted."

Welcoming ISS's recommendations, Canoe Financial's president and chief executive, Nevin Markwart said: "This independent report again underlines the benefits of the proposed amendments. These enhancements will allow the Fund to better adapt to changing market conditions, while retaining the fundamental features that unitholders value."

The Independent Review Committee of the Fund has reviewed the proposed amendments and after careful consideration determined that, if approved by unitholders, the Manager's proposed actions related to the proposed amendments would achieve a fair and reasonable result for the Fund. Also, the Fund's board of directors is unanimously recommending that unitholders vote in favour of the proposed amendments.

Unitholders are reminded to vote their proxy FOR the proposed amendments before Wednesday, August 28, 2013 at 10:00 AM (Calgary time). For more information and assistance in voting your proxy, unitholders should contact Kingsdale Shareholder Services Inc. at 1-866-229-8874 or by email at contactus@kingsdaleshareholder.com.

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.