EnerVest Energy and Oil Sands Total Return Trust Announces Allocation of 2012 Distributions

Wed Mar 6, 2013 7:21pm EST

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EnerVest Energy and Oil Sands Total Return Trust

March 6, 2013 - 07:21:12 PM

EnerVest Energy and Oil Sands Total Return Trust Announces Allocation of 2012
Distributions

CALGARY, ALBERTA--(Marketwire - March 6, 2013) - 

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA. 

EnerVest Energy and Oil Sands Total Return Trust ("EnerVest" or the "Fund")
(TSX:EOS.UN) announced today the allocation of the distributions declared in
2012 to Canadian resident unitholders. EnerVest distributed a total of $0.50
per unit in 2012, 100% of which is Return of Capital. Return of Capital
reduces the adjusted cost base of the unitholder's trust unit.

T3 Tax Slips

Information regarding the tax breakdown of the EnerVest distributions has been
sent electronically to Investment Dealers via CDS Clearing and Depository
Services Inc. Investment Dealers are responsible for the preparation and
delivery of T3 tax slips to their clients. The mailing deadline for delivery
of the tax slips is March 31, 2013. We urge investors to contact their
Investment Advisor directly to determine their specific preparation and
delivery schedule.

Non-Resident Unitholders

Non-resident unitholders are not subject to the same tax breakdown as Canadian
resident unitholders. Please consult your tax professional or Investment
Advisor to discuss your particular situation.

About The Fund

The Fund is listed on the TSX under the symbol EOS.UN and provides a
diversified portfolio of securities of companies, royalty and income trusts,
and similar issuers involved directly or indirectly with oil sands
development. The Fund also invests in oil and natural gas issuers to assist in
providing ongoing monthly cash distributions. The Fund is suited for investors
who want an actively managed portfolio targeting this strategy, which has the
potential for capital appreciation while delivering a tax-advantaged monthly
distribution. The Fund is managed by Rafi G. Tahmazian, Senior Portfolio
Manager at Canoe Financial.

About Canoe Financial LP

Canoe Financial is the Portfolio Manager and Manager of the Fund. Canoe
Financial is an investment management firm focused on building financial
wealth for Canadians through investing in Canada. Its 'GO CANADA!' investment
thesis reflects Canoe's strategic confidence in Canada as a place to invest.
With continued global urbanization, increasing worldwide demand for resources,
and Canada's sound fiscal structure, Canoe believes this country provides
long-term growth potential for investors.

Canoe is one of Canada's fastest-growing mutual fund companies and as at
February 28, 2013, manages approximately $1.7 billion in assets through its
investment products. To learn more about Canoe Financial, visit
www.canoefinancial.com.

Forward-Looking Statement: Certain statements included in this news release
constitute forward-looking statements which reflect Canoe Financial's current
expectations regarding future results or events. Words such as "may," "will,"
"should," "could," "anticipate," "believe," "expect," "intend," "plan,"
"potential," "continue" and similar expressions have been used to identify
these forward-looking statements. Forward-looking statements involve
significant risks and uncertainties and a number of factors could cause actual
results to materially differ from expectations discussed in the forward
looking statements including, but not limited to, changes in general economic
and market conditions and other risk factors. Although the forward-looking
statements are based on what Canoe Financial believes to be reasonable
assumptions, we cannot assure that actual results will be consistent with
these forward-looking statements. Investors should not place undue reliance on
forward-looking statements. These forward-looking statements are made as of
the current date and we assume no obligation to update or revise them to
reflect new events or circumstances.

This communication is not to be construed as a public offering to sell, or a
solicitation of an offer to buy securities. Such an offer can only be made by
way of a prospectus or other applicable offering document and should be read
carefully before making any investment. This release is for information
purposes only. Investors should consult their Investment Advisor for details
and risk factors regarding specific strategies and various investment
products.

FOR FURTHER INFORMATION PLEASE CONTACT: 
Canoe Financial LP
Investor Relations
1-877-434-2796
info@canoefinancial.com
www.canoefinancial.com
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