EnerVest FTS Limited Partnership 2008 Announces Special Distribution
CALGARY, ALBERTA--(Marketwire - Dec. 23, 2009) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.
EnerVest FTS Limited Partnership 2008 (the "Partnership" or "the Fund") is pleased to announce a special distribution to unitholders of $1.00 per unit. The record date for the distribution is December 31, 2009. The distribution will be deposited into investment accounts on or around January 8, 2010 and will result in a decrease in the adjusted cost base of unitholders' investment.
About the Distribution
During 2009, the Partnership realized capital gains for tax purposes as a result of successful investing activity in the portfolio and the diversification initiatives undertaken by the Portfolio Manager and their advisors. We are providing the special distribution to help reduce the potential tax consequences to unitholders resulting from these capital gains.
About the Partnership
The Fund is designed to provide a tax assisted investment in a diversified portfolio of resource companies involved in oil and gas or mineral exploration and development.
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.