EIT.UN Canoe EIT Income Fund

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


Canoe EIT Income Fund (formerly EnerVest Diversified Income Trust) (the "Fund")
(TSX:EIT.UN) announces that it has filed a final prospectus for an offering (the
"Offering") of warrants (the "Warrants") to unitholders of the Fund. Each
unitholder of record at the close of business on May 27, 2014 (the "Record
Date") will be entitled to receive one Warrant for each whole unit of the Fund
(a "Unit") held.


At any time prior to the expiry date of 5:00 p.m. (Calgary time) on November 14,
2014, four Warrants will entitle the holder to subscribe for one Unit upon
payment of the subscription price of $12.40, which is 102% of the most recent
closing price per Unit on the TSX prior to the date of the preliminary
prospectus. Subject to more specific terms outlined in the final prospectus, the
exercise period of the Warrants will be subject to a call option such that if
exercised by the Fund, the new expiry date will be 20 business days from the
date of the news release announcing that the call option is being exercised by
the Fund.


Warrants issued pursuant to the Offering will not be eligible to receive
distributions. However, subject to applicable record dates, Units received upon
exercise of the Warrants will be eligible to receive distributions from the
Fund.


The Warrants are being provided exclusively to unitholders of the Fund.
Unitholders will have the opportunity to exercise their Warrants to acquire
additional Units at a pre-determined price potentially lower than the market
price of the Units. Proceeds from exercise of the Warrants will provide the Fund
with additional capital, allowing the Fund to take advantage of attractive
investment opportunities, and is also expected to increase trading liquidity of
the Units and reduce the management expense ratio of the Fund, as well as ensure
the sustainability of the Fund.


The Warrants distributed under this prospectus have been conditionally approved
for listing on the TSX under the symbol EIT.WT.E. The Units issuable upon
exercise of the Warrants will be freely tradable (EIT.UN). Once the Warrants
begin trading, investors will have the opportunity to buy or sell the Warrants,
which will trade independently of the existing Units. Warrants will be
distributed to client accounts by brokers and custodians on a best-efforts basis
after the Record Date. The Fund will pay an exercise fee of $0.10 per Unit
subscribed for, payable to the investment advisor of the CDS participant whose
client is exercising the Warrant.


The Warrants are not qualified for distribution in the United States of America.
For further details please consult the final prospectus and your investment
advisor. A copy of the final prospectus has been filed on SEDAR at
www.sedar.com. Full details about this Offering will be available on our website
at www.canoefinancial.com or you can contact us at 1-877-434-2796.


About the Fund

The Fund is one of Canada's largest, diversified closed-end investment funds and
is listed on the TSX under the symbol EIT.UN. The Fund is actively managed and
invests in a diversified portfolio of income-generating and capital
growth-oriented securities listed primarily on the TSX. The Fund is designed to
maximize distributions and net asset value for the benefit of its unitholders.
The Fund is managed by Robert Taylor, Senior Vice President and Portfolio
Manager of Canoe Financial.


About Canoe Financial LP

Canoe Financial is an investment management firm focused on building financial
wealth for Canadians through investing in Canada. Its 'GO CANADA!(R)' 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 Financial is one of Canada's fastest-growing mutual fund companies and as
at April 30, 2014, manages approximately $2.5 billion in assets through its
investment products. To learn more about Canoe Financial, visit
www.canoefinancial.com.


(R) GO CANADA! is a registered trade-mark of Canoe Financial LP.

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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