TORONTO, July 20, 2006 - Triax Diversified High-Yield Trust (TSX: TRH.UN) announces a distribution for the month ending July 31, 2006 of $0.07 per unit. The distribution shall be paid on August 15, 2006 to unitholders of record on July 31, 2006.
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 more information, please call Triax at (416) 362-2929 or 1 (800) 407-0287, or visit www.triaxcapital.com.