Enervest Completes Exchange Offer

Calgary-based EnerVest Diversified Income Trust completed an exchange offer, which EnerVest issued approximately 19 million of trust units at $6.52 per unit in exchange for units of 104 different income, royalty and real estate investment trusts and limited partnerships. The deal closed on October 7, 2003, and the gross proceeds of the offering were approximately $127 million.

EnerVest was directed in-house by Ward Mallabone, vice-president, law; and assisted by Heenan Blaikie LLP, with a team led by Lloyd Symons and Richard Lewin (tax), and included Bruno Caron (corporate/securities). Griffiths McBurney & Partners and TD Securities Inc. acted as dealer managers and were represented by Macleod Dixon LLP, with a team that included Kent Kufeldt and Harvey Steblyk (securities) and Darren Hueppelsheuser (tax).


Lloyd E. Symons Harvey M. Steblyk Kent D. Kufeldt Darren D. Hueppelsheuser Richard Lewin Bruno Caron