Acuity Funds Ltd. Announces Annual Reports for Acuity Diversified Total Return Trust



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

    TORONTO, March 21 /CNW/ - Acuity Funds Ltd., the Manager of Acuity
Diversified Total Return Trust (the Trust) is pleased to announce the Annual
Financial Statements and Annual Management Report of Fund Performance for the
year ended December 31, 2006 will be available at www.acuityfunds.com and
www.sedar.com within 48 hours.

    Acuity Diversified Total Return Trust is a closed-end investment trust
with the investment objectives of providing holders of Units with monthly
distributions, to enhance the long-term total return within the Portfolio, and
to return to Unitholders upon the termination of the Trust at least the
original issue price of the Units.

    Acuity Investment Management Inc. ("Acuity") provides investment advisory
and portfolio management services to the Trust. The Trust will invest
primarily in income funds and to a lesser extent equity securities (the
"Portfolio"). Acuity was formed in 1990 and currently has assets under
management of approximately $8.7 billion.

    Acuity Diversified Total Return Trust (TSX: ADF.UN)

    65 Queen Street West
    Suite 1800
    Toronto, ON
    M5H 2M5
    %SEDAR: 00023081E




For further information:

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

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ACUITY FUNDS LTD.

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ACUITY DIVERSIFIED TOTAL RETURN TRUST

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