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Value Enhancement Plan
On February 9th, EnerVest announced a series of strategic and operating initiatives for the Fund designed to increase long-term, sustainable value for the benefit of all EnerVest Unitholders. Key Features of the Plan
Unitholders showed their support of the Value Enhancement Plan by voting overwhelmingly in favour of all four resolutions at the Special Meeting held on Thursday, March 26, 2009. Information Circular and Meeting Notice |
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Enhancing the Fund by:
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Unitholder Goal
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•Capped Annual Redemption
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√ Alignment with Manager |
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•Consolidate Units (3:1)
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√ Flexibility
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•Investment Mandate
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√ Investment Returns
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•Distribution Management
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√ Preserve Financial Strength
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•Exchange Offer Limits
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√ Advisor & Unitholder Service |
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•Communication Improvements
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Overall Benefit: Long-term value for unitholders & positive trading impact, reduce discount to NAV
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