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Canoe Financial Announces a PM Change and Confirms Monthly Distribution for EIT.UN

CALGARY, ALBERTA – June 10, 2013 – Canoe Financial LP, manager of the EnerVest Diversified Income Trust (EIT.UN) and the Canoe Mutual Funds, announces that a portfolio manager change will be implemented for certain funds on or by September 1, 2013, subject to regulatory approval.  The investment objectives and investment strategies of these funds remain unchanged.

Mr. Robert Taylor, CA, CFA, Senior Vice President of Canoe Financial, will assume portfolio management responsibilities for the EnerVest Diversified Income Trust (EIT.UN), Canoe Canadian Monthly Income Class, Canoe Canadian Asset Allocation Class, Canoe Canadian Equity Class and Canoe Capital Appreciation Class.  Mr. Bob Haber, CFA, who has been managing these funds through Haber Trilix Advisors LP, is retiring from the Canadian mutual fund industry.  Canoe thanks Mr. Haber for his portfolio management expertise over the years and wishes him well.

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.  In the last decade, Mr. Taylor managed the following mandates:  BMO Asset Allocation Fund, BMO Equity Fund, Educators Growth Fund, BMO Resource Fund and BMO Global Energy Fund.  Mr. Taylor was also an integral member of the asset mix committee responsible for asset allocation decisions with respect to institutional and retail mandates.

“Adding a portfolio manager of Rob’s caliber to our team is just the latest example of Canoe’s commitment to providing best-in-class investment management, service and support for advisors and investors,” said W. Brett Wilson, Chairman of Canoe Financial.  

Rob Taylor stated, “I think that there is a real opportunity for a dynamic, entrepreneurial investment fund company in Canada.  I am excited to be part of an organization that is piloted by an experienced team with a proven history of successfully growing new businesses.  Canoe possesses many of the things that I look for in a stock – strong leadership, alignment of employee interests through its capital structure and solid financial footing.”

“Rob has an impressive track record and I am excited to have him join the Canoe portfolio management team,” said Nevin Markwart, President and CEO of Canoe Financial.  “Rob shares Canoe’s vision that Canada is the place to invest, and our investment philosophy that Canada will dramatically benefit from the emergence of developing economies such as China and India which will drive global economic growth.”

Distribution Confirmation for EnerVest Diversified Income Trust
For the remainder of 2013, the EnerVest Diversified Income Trust intends to continue to pay a $0.10 per unit monthly distribution.  Record, payment and ex-distribution dates for each distribution will continue to be provided via news release on a monthly basis. 

About the EnerVest Diversified Income Trust
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 and net asset value for the benefit of its unitholders.  Canoe Financial is the Portfolio Manager and Manager of the Fund.

About Canoe Financial LP
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 May 30, 2013, manages approximately $1.7 billion in assets through its investment products. To learn more about Canoe Financial, visit

For further information, please contact:
Investor Relations
Canoe Financial LP

Not for Distribution to U.S. Newswire Services or for Dissemination in the United States of America.

Bob Haber is the Chief Executive Officer and Chief Investment Officer of Haber Trilix Advisors, LP, who is a sub-advisor to Canoe Financial LP.

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.