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EnerVest Diversified Income Trust Provides 2012 Voluntary Cash Redemption Information

CALGARY, ALBERTA – November 2, 2012 - EnerVest Diversified Income Trust (“EnerVest” or the “Fund”)(TSX-EIT.UN) provides information on the 2012 voluntary cash redemption.

Voluntary Annual Cash Redemption Information 
Requests for redemption of approximately 25.3 million units of the Fund, representing approximately 27.6% of the current issued and outstanding units, have been submitted by unitholders. The Fund's Declaration of Trust limits an annual redemption to 10% of the issued and outstanding units on the Redemption Date of November 22, 2012. Accordingly, redemption requests will be pro rated to between 36% and 44% of units tendered.  As there are a significant number of warrants outstanding that may be exercised between now and the Redemption Date, for additional units of the Fund, this pro ration cannot be definitively determined at this time.  For greater clarity, in the event no additional warrants are exercised by November 22, 2012, approximately 36% of units tendered will be redeemed.  Conversely, if all outstanding warrants are exercised by November 22, 2012, approximately 44% of units tendered will be redeemed.  The final results will be communicated to Unitholders as soon as practicable after November 22, 2012. 

Payment of the redemption proceeds will be made on or before December 7, 2012 at a redemption price equal to 95% of the average net asset value based on the three business days preceding November 22, 2012, less direct costs. Any units not accepted for redemption will be returned to redeeming unitholders on or before December 7, 2012.

Units that have been accepted for redemption will remain eligible for the November 2012 distribution.

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 investment fund companies and currently manages approximately $1.8 billion in assets through its investment products. To learn more about Canoe Financial, visit www.canoefinancial.com.

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, 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.