EnerVest completes exchange offer

Date Closed: 10/10/2002

Value: $137 million

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.

Griffiths McBurney & Partners acted as dealer manager for the offer, and was represented by BLG with a team led by John Peters and Derek Kurrant (tax).