Lawrence Payout Ratio Trust special meeting of shareholders adjourned



    TORONTO, March 29 /CNW/ - (TSX: LPU.UN) - A special meeting of
unitholders of Lawrence Payout Ratio Trust was held today to vote on an
extraordinary resolution authorizing changes to the investment strategy and
investment restrictions, as detailed in the Management Information Circular
which was mailed to unitholders on March 2nd, 2007.
    A quorum was not present at the meeting and as a result, the special
meeting for the trust was adjourned to March 30, 2007 at 9:00 a.m. at the
offices of McCarthy Tétrault LLP, 47th Floor, Toronto Dominion Bank Tower,
Toronto, Ontario, M5K 1E6.
    For a copy of the Management Information Circular or additional
information, please visit our website at www.lawrenceasset.com.
    %SEDAR: 00022491E




For further information:

For further information: Investor Relations: Catherine Stretch, (416)
362-6283, info@lawvest.com, www.lawrenceasset.com

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LAWRENCE PAYOUT RATIO TRUST II

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