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Triax Diversified High-Yield Trust confirms estimated distribution for the month and year-ended December 31, 2000

Triax Diversified High-Yield Trust (TRH.UN) is pleased to confirm an estimated distribution for the month and year-ended December 31, 2000 of $0.10 per unit, payable on January 12, 2001 to unitholders of record on December 29, 2000. Triax Diversified High-Yield Trust offers its investors the opportunity to increase their holdings of units through the convenience provided by its Distribution Reinvestment Plan. All distributions that are reinvested will be used to purchase additional units of the Trust. In order to take advantage of the Plan on the upcoming distribution, Unitholders should contact their investment advisor as soon as possible. Triax Diversified High-Yield Trust is an investment trust established with the principal objective of providing investors with superior income equal to or exceeding the yield on 10-year Government of Canada bonds plus 2%. The Trust can invest in a diverse basket of high-yielding securities including corporate bonds, income trusts and other specialty products. Triax Diversified High Yield Trust trades on The Toronto Stock Exchange under the symbol TRH.UN.