ROC Pref III Corp. Declares Quarterly Distribution



    TORONTO, March 14 /CNW/ - (RPB.PR.A) The Board of Directors of ROC Pref
III Corp. ("the Company") has today declared a cash distribution of $0.275 per
Preferred Share consisting of a return of capital on such Preferred Shares
equal to $0.275 per share payable on March 31, 2008 to holders of record at
the close of business on March 24, 2008.

    The Company is a mutual fund corporation that issued 7-year redeemable,
retractable cumulative P-2 (low) rated Preferred Shares which mature on or
about March 23, 2012. The Company used the proceeds to gain exposure, by way
of an equity forward sale agreement, to a BBB- rated structured note that
offers credit exposure to a portfolio of 124 companies, that were rated
investment grade at inception.

    The Preferred Shares are listed for trading on the Toronto Stock Exchange
    under the symbol RPB.PR.A





For further information:

For further information: please visit www.cclcapitalmarkets.com or
contact: Tim Bradshaw, National Sales Manager, Connor, Clark & Lunn Capital
Markets Inc., (416) 364-3658, tbradshaw@cclgroup.com

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Connor, Clark & Lunn Capital Markets Inc.

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ROC PREF III CORP.

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