Press Releases

Triax Announces June, 2005 Distributions

TORONTO, June 21, 2005 – Triax announces the following distributions for the month and quarter ending June 30, 2005. In all cases, the distribution will be paid on or before July 15, 2005 to unitholders of record on June 30, 2005.

NameTSX Trading SymbolConfirmed or EstimatedDistribution Amount (per unit)Distribution Amount Annualized
MONTHLY
Triax Diversified High-Yield Trust *TRH.UNConfirmed$0.07$0.84
QUARTERLY
New Millennium Technology TrustNMT.UNConfirmed$0.20$0.80
Triax CaRTS III TrustTXZ.UNConfirmed$0.0625$0.25

* The Trust offers unitholders the opportunity to increase their holding 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.