Skylon Capital Yield Trust Announces Distribution For Month Ending April 30, 2007 and Final Distribution



    TSX Symbol: SLN.UN

    TORONTO, April 17 /CNW/ - Skylon Capital Yield Trust (the "Trust")
announces a distribution for the month ending April 30, 2007 of $0.1875 per
unit payable on May 14, 2007 to unitholders of record as at April 30, 2007.
    April 30, 2007 also will be the record date for a final distribution by
the Trust in connection with its merger on that date into High Yield &
Mortgage Plus Trust. The distribution, if necessary, will be of a sufficient
amount of income and capital gains so that the Trust will not be subject to
tax under Part I of the Income Tax Act (Canada). The amount of such
distribution (if any) will be announced after it has been calculated on
April 30, 2007. On preparation for such merger, April 25, 2007 will be the
last day that units of the Trust trade on the Toronto Stock Exchange.
    The Trust is listed on the Toronto Stock Exchange under the symbol
SLN.UN.





For further information:

For further information: CI Investments Inc., (416) 364-1145,
1-800-268-9374


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