FAQs

General

• What are the Fund’s objectives?

  The investment objective of EnerVest Natural Resource Fund Ltd. (ENRF) is to provide superior capital appreciation by investing primarily in equity securities of Canadian companies which are engaged in the exploration, development or production of natural resources or companies which support those industries or activities.

• What type of investor is best suited for this Fund?

  ENRF is ideal for investors who maintain a long-term focus and want to get diversified exposure to junior companies in the Canadian natural resource industry, particularly those in the oil & gas sector.

• What is the termination date for the EnerVest Natural Resource Fund?

  ENRF does not have a fixed termination date.

• How do I purchase shares of ENRF and what kinds of costs are associated?

  ENRF shares are available for purchase through registered dealers.  A sales charge is payable at the time of purchase.  Applications to purchase shares must be made in writing and dealers are required to transmit applications received before the close of normal business hours to us on the date that they are received. 

  The price of the shares purchased is equal to the net asset value per share on the day following the day on which an application to purchase has been received, unless the application is received prior to the valuation time, in which case the price per share will be calculated at the net asset value per share on that day.

• What is the Management Fee?

  The Management Fee for ENRF as of December 31, 2011 is 2.25%.

• Who is the Portfolio Manager for this fund?

  Canoe Financial L.P. (“Canoe”) is the portfolio manager for ENRF.  Canoe is a registered Portfolio Manager. The portfolio management team is led by Mr. Rafi Tahmazian, who has more than 22 years of investment management experience.  For more information on Canoe and the investment team please click here.

Tax

• How can I find out my Adjusted Cost Base?

  Please contact CIBC Mellon at 1-800-250-3303 for all matters relating specifically to your account.

• When are you sending my tax forms, and which one are you sending?

  You will receive a T5 from CIBC Mellon Global Securities Services Company (CIBC Mellon) only if there was a distribution made in that tax year.  For further information please contact your investment advisor or CIBC Mellon at 1-800-250-3303.