Acuity Focused Total Return Trust Declares Distribution



    /THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES./

    TORONTO, March 23 /CNW/ - (TSX: AFU.UN): Acuity Focused Total Return
Trust (the "Trust") announces an indicative distribution for the following
twelve months of $0.90 per unit ($.075 per month). This is based upon the
prevailing market conditions and the Manager's estimate of distributable cash
flow for the year.

    The distribution per unit per month for record dates through to March 31,
2008, is as follows:

    
    Month        Record Date          Payment Date            Amount
    -----        -----------          ------------            ------
    April        April 30, 2007       May 10, 2007            $0.075

    May          May 31, 2007         June 14, 2007           $0.075

    June         June 29, 2007        July 12, 2007           $0.075

    July         July 31, 2007        August 9, 2007          $0.075

    August       August 31, 2007      September 13, 2007      $0.075

    September    September 28, 2007   October 11, 2007        $0.075

    October      October 31, 2007     November 8, 2007        $0.075

    November     November 30, 2007    December 13, 2007       $0.075

    December     December 31, 2007    January 10, 2008        $0.075

    January      January 31, 2008     February 14, 2008       $0.075

    February     February 29, 2008    March 13, 2008          $0.075

    March        March 31, 2008       April 10, 2008          $0.075
    

    Acuity Investment Management Inc. ("Acuity") provides investment advisory
and portfolio management services to the Trust. The Trust will invest in a
diversified portfolio of securities consisting primarily of units of income
funds (the "Portfolio"). Acuity was formed in 1990 and currently has assets
under management of approximately $8.8 billion.

    %SEDAR: 00021528E




For further information:

For further information: Ian O. Ihnatowycz, President, or George Henry,
Chief Financial Officer, at Acuity Funds Ltd. at 1-800-461-4570.

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ACUITY FOCUSED TOTAL RETURN TRUST

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ACUITY FUNDS LTD.

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