EnerVest Diversified Income Trust Announces Allocation of 2012 Distributions
CALGARY, ALBERTA – March 6, 2013 - EnerVest Diversified Income Trust (“EnerVest” or the “Fund”) (TSX - EIT.UN), today announced the allocation of the distributions declared in 2012 to Canadian resident unitholders.
|Taxable as:||% of Distribution|
|Other taxable income (Investment Income)||1.5|
|Other taxable income (Not Investment Income)||-|
|Actual Amount of Eligible Dividends||32.7|
|Actual Amount of Non-Eligible Dividends||-|
|Foreign Business Income||-|
|Foreign Non-Business Income||-|
|Foreign Non-Business Income Tax Paid||-|
|Return of Capital||65.8|
EnerVest distributed a total of $1.20 per unit in 2012. Return of Capital to unitholders totaling 65.8% reduces the adjusted cost base of the unitholder’s trust unit.
T3 Tax Slips
The foregoing tax breakdown of the EnerVest distributions is provided for information purposes only. Information regarding the tax breakdown of the EnerVest distributions has been sent electronically to Investment Dealers via CDS Clearing and Depository Services Inc. Investment Dealers are responsible for the preparation and delivery of T3 tax slips to their clients. Investors should utilize the information directly from their T3 tax slip when filing their personal income tax return. Registered unitholders (namely, unitholders who hold a physical share certificate) will receive their T3 tax slips directly from Alliance Trust Company. Alliance Trust Company’s telephone number is 1-403-237-6111. The mailing deadline for delivery of the tax slips is March 31, 2013. However, we urge investors to contact their Investment Advisor directly to determine their specific preparation and delivery schedule.
Non-resident unitholders are not subject to the same tax breakdown as Canadian resident unitholders. Please consult your tax professional or Investment Advisor to discuss your particular situation.
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 and net asset value for the benefit of its unitholders. The Fund is managed by Bob Haber of Haber Trilix Advisors.
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 February 28, 2013, manages approximately $1.7 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.
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, located in Boston, MA, U.S.A., who is a sub-advisor to Canoe Financial LP. Canoe is the registered Portfolio Manager and Manager of the Fund.
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.