EnerVest EOS Total Return Trust Announces Taxation of Distributions Declared in 2009
CALGARY, ALBERTA--(Marketwire - March 8, 2010) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.
EnerVest Energy and Oil Sands Total Return Trust ("EnerVest" or "the Fund") (TSX:EOS.UN), announced today the taxation of distributions declared in 2009 to Canadian resident unitholders. EnerVest distributed $0.50 per unit in 2009, 100% of which is Return of Capital. Return of Capital reduces the adjusted cost base of the Unitholder's trust unit.
T3 Tax Slips
Information regarding the tax breakdown of the EnerVest distributions has been sent electronically to Investment Dealers, who are responsible for the preparation and delivery of T3 slips to their clients. Registered unitholders (namely, unitholders who hold a physical share certificate) will receive their T3 tax slips directly from Computershare, our transfer agent. The mailing deadline for delivery of the slips is March 31, 2010. However, we urge investors to contact their Investment Dealer directly to determine their specific preparation and delivery schedule.
Existing Non-Resident unitholders are not entitled to the same tax breakdown as Canadian unitholders. Please consult your tax professional or financial advisor to discuss your specific situation.
About The Fund
The Fund is listed on the TSX under the symbol EOS.UN and is an actively managed, diversified closed-end trust investing in developers and miners of the oil sands, businesses that are indirectly involved with the oil sands through the provision of supplies and services, and oil and gas businesses.
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.