EnerVest Diversified Income Trust - Announcement.CALGARY, Alberta--(BUSINESS WIRE)--Aug. 7, 1997--EnerVest Diversified diversified (di·verˑ·s (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). EIT EIT erythrocyte iron turnover. .UN. ) EnerVest Diversified Income Trust (the "Trust") announced today the closing of its initial public offering of 6,000,000 trust units at $10.00 per unit for gross proceeds from the offering of $60,000,000. The trust units are listed for trading on The Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (symbol "EIT.UN") and were offered for sale to the public in Canada by a syndicate led by CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Securities Inc. The proceeds of the offering will be used by the Trust to further its investment objectives of maximizing monthly distributions and providing a cost-effective method of reducing investment risk primarily through investments in securities of royalty and income trusts. Not less than 65 percent of the assets of the Trust will be invested in securities and energy-related royalty and income trusts (including oil and gas, propane propane, CH3CH2CH3, colorless, gaseous alkane. It is readily liquefied by compression and cooling. It melts at −189.9°C; and boils at −42.2°C;. , natural gas liquids, pipelines, production and handling facilities and coal royalty and income trusts). The remaining assets of the Trust will be primarily invested in securities of other income trust and real estate investment trusts. The specific securities in which the Trust will invest will be determined by the Trust's Investment Manager, Morrison Williams Investment Management Ltd. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Enervest Diversified Income Trust Peter J. Streukens, 403/571-5550 FAX: 403/571-5554 |
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