Press Releases

Triax Diversified High-Yield Trust announces an increase to the December 2005 distribution

TORONTO, Dec. 21 /CNW/ - Further to its press release of December 19, 2005, Triax Diversified High-Yield Trust (TSX: TRH.UN) announces an increase of $0.02 per unit to the distribution for the month ending December 31, 2005 for a total distribution of $0.09 per unit. The distribution shall be paid on January 13, 2006 to unitholders of record on December 30, 2005.

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 call Triax at (416) 362-2929 or 1 (800) 407-0287, or visit www.triaxcapital.com.