EnerVest Completes Exchange Offer

Calgary-based EnerVest Diversified Income Trust completed an exchange offer under which EnerVest issued approximately 20 million of its trust units at $6.94 per unit in exchange for units of 72 different income, royalty and real estate investment trusts and limited partnerships. Gross proceeds of the offering were approximately $137 million. The deal closed on October 10, 2002.

The EnerVest legal team was led in-house by Ward Mallabone, vice-president, law; assisted by McCarthy Tétrault LLP with a team led by Lloyd Symons and William Smith, Q.C. (corporate finance) and David Ross (tax). Griffiths McBurney & Partners acted as dealer manager for the offer, and was represented by Borden Ladner Gervais LLP with a team led by John Peters and Derek Kurrant (tax).


William H. Smith David W. Ross Lloyd E. Symons John A. Peters Derek A. Kurrant