Press Releases

Triax Diversified High-Yield Trust confirms the distribution for the month ending June 30, 2003

TORONTO, June 30 /CNW/ - Triax Diversified High-Yield Trust (TRH.UN) confirms the distribution for the month ending June 30, 2003 of $0.07 per unit. The distribution will be paid on June 15, 2003 to unitholders of record on June 30, 2003.

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 trades on TSX Toronto Stock Exchange under the symbol TRH.UN.

For further information: please call Triax Yield Trust Management Inc. at (416) 362-2929 or (800) 407-0287