Press Releases

Triax Diversified High-Yield Trust: Distribution Press Release

TORONTO, July 21, 2010 - Triax Diversified High-Yield Trust (TSX:TRH.UN) announces a distribution of $0.07 per Unit for the month ending July 31, 2010. The distribution will be paid on or before August 13, 2010 to unitholders of record on July 30, 2010.

The Trust offers unitholders 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.

For further information, please contact Rob MacNiven, Investor Relations at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.