EnerVest Announces Special Meeting of Unitholders and Record Date
CALGARY, ALBERTA--(Marketwire - Feb. 13, 2009) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.
EnerVest Diversified Management Inc. ("EnerVest Management"), the Manager of EnerVest Diversified Income Trust ("EnerVest" or "the Fund") (TSX:EIT.UN), today announced that a special meeting of unitholders will be held on Thursday, March 26th, 2009 at 3:00 p.m. at the Metropolitan Centre, 333 - 4th Avenue SW, Calgary, Alberta. The record date for the purpose of determining the unitholders entitled to receive notice and vote at the meeting is the close of business on Thursday, February 19, 2009.
On February 9th, 2009 EnerVest announced its Value Enhancement Plan, a series of important initiatives intended to increase long-term, sustainable value for EnerVest unitholders. The goal of the Plan is to increase the long-term sustainability of the fund for the benefit of all unitholders. The key features of the Plan include broadening the investment mandate to optimize Fund performance, improving investor communication, offering unitholders a voluntary, annual cash redemption and several other initiatives designed to ensure long-term sustainable income and value for unitholders. For a description of all the key features of the Plan, please visit our web site at www.enervest.com.
A Circular, providing full details of the proposals in the EnerVest Value Enhancement Plan, will be mailed to all unitholders approximately March 2, 2009. Changes to the Declaration of Trust require approval by two-thirds of unitholders voting at the Special Meeting. The Fund cannot and will not solicit proxies in favour of the proposed amendments in advance of the mailing of the Circular.
EnerVest Diversified Income Trust is Canada's largest and most liquid closed-end investment fund. Listed on the Toronto Stock Exchange under the symbol EIT.UN, the Fund is an actively managed diversified portfolio of income securities.
Certain statements included in this news release constitute forward-looking statements. The forward-looking statements are not historical facts but reflect EnerVest Management Ltd.'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.
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.