EnerVest Completes $257M Exchange Offer

On October 24, 2006, EnerVest Diversified Income Trust completed an exchange offer under which EnerVest issued approximately 37.5 million of its trust units at a price of $6.86 per unit in exchange for units of various income, royalty and real estate investment trusts and limited partnerships, all of which such issuers are listed on the Toronto Stock Exchange. The aggregate value of EnerVest units issued under the offering was approximately $257 million, making it the largest such offering by a diversified trust in Canadian history.

The EnerVest legal team was directed by Ward Mallabone, chief operating officer of EnerVest. Heenan Blaikie LLP acted as counsel to EnerVest with a team that included Lloyd Symons, Peter Yates, Bruno Caron (corporate/securities) and Jennifer Hanna (tax). GMP Securities L.P. acted as lead dealer manager for a soliciting dealer group and was represented by Macleod Dixon LLP, with a team that included Lianne Tysowski, Chris Wolfenberg (securities) and Darren Hueppelsheuser (tax).


Darren D. Hueppelsheuser Christopher M. Wolfenberg Lianne J. Tysowski Peter W. Yates Lloyd E. Symons Bruno Caron Jennifer Hanna