Tax Optimized Return Oriented Securities Trust (TOROS) Renews Normal Course
Issuer Bid

    
    TSX Symbol: TO.A
    TO.UN
    

TORONTO, Oct. 7 /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 228,205 Income Securities, representing approximately 10% of the public float, and up to 94,956 ROC Securities, representing approximately 10% of the public float. These purchases will be made in accordance with applicable regulations over a maximum period of 12 months commencing on October 9, 2009 and ending on the earlier of October 8, 2010 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 205,400 Income Securities and 63,100 ROC Securities for cancellation. The Trust had 2,282,050 Income Securities and 949,569 ROC Securities issued and outstanding as at October 1, 2009. The Trust will not purchase in any given 30 day period, in the aggregate more than 45,641 Income Securities, being 2% of the issued and outstanding Income Securities as at October 1, 2009 and in the aggregate more than 18,991 ROC Securities, being 2% of the issued and outstanding ROC Securities as at October 1, 2009.

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

SOURCE TAX OPTIMIZED RETURN ORIENTED SECURITIES TRUST

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

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TAX OPTIMIZED RETURN ORIENTED SECURITIES TRUST

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