Press Releases

Triax Diversified High-Yield Trust: Distribution Press Release

TORONTO, November 18, 2010 - Triax Diversified High-Yield Trust (TSX:TRH.UN) announces a distribution of $0.07 per Unit for the month ending November 30, 2010. The distribution will be paid on or before December 15, 2010 to unitholders of record on November 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, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com