Tax Optimized Return Oriented Securities Trust (TOROS) announces normal course issuer bid



    
    TSX Symbol:  TO.A
                 TO.UN
    

    TORONTO, Sept. 24 /CNW/ - Lawrence Asset Management Inc., the Manager and
Trustee of Tax Optimized Return Oriented Securities Trust ("TOROS") today
announced that TOROS has renewed a normal course issuer bid to purchase a
portion of the outstanding Income Securities (TSX: TO.A) and ROC Securities
(TSX: TO.UN) on the TSX. Under the normal course issuer bid, TOROS intends to
purchase up to 263,985 Income Securities, representing approximately 10% of
the 2,639,850 Income Securities as at September 19, 2007, and up to 211,506
ROC Securities, representing approximately 10% of the 2,115,065 ROC Securities
as at September 19, 2007. The Trust will not purchase in any given 30 day
period, pursuant to the normal course issuer bid or otherwise, in the
aggregate more than 2% of each of the Income Securities and ROC Securities
outstanding at the time of purchase. These purchases will be made in
accordance with applicable regulations over a maximum period of 12 months
commencing on September 24, 2007 and ending on the earlier of September 23,
2008 or on such date as the Trust completes its purchase under the normal
course issuer bid or on such date as the Trust may otherwise determine. Income
Securities and ROC Securities purchased will be cancelled. Within the
preceding 12 month period, the Trust purchased 97,500 Income Securities and
40,500 ROC Securities for cancellation.

    TOROS invests in an actively managed diversified portfolio consisting
primarily of income funds, including commodity-based trusts, operating
business trusts, REITs and power and pipeline trusts. TOROS securities are
eligible as Canadian content. TOROS is managed by Lawrence Asset Management
Inc.

    This news release contains forward-looking statements that involve a
number of risks and uncertainties. Some of the factors that could cause actual
results to differ materially from those indicated are competitive pressures,
business conditions in the marketplace, general economic conditions and risk
factors detailed in the Trust's regulatory filings.

    %SEDAR: 00019441E




For further information:

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

Organization Profile

TAX OPTIMIZED RETURN ORIENTED SECURITIES TRUST

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