TOROS Declares Regular Monthly Distributions



    TORONTO, July 3 /CNW/ - The Manager of Tax Optimized Return Oriented
Securities Trust ("TOROS") today announced the Trust's regular monthly
distributions to holders of Income Securities (TSX: TO.A) and ROC Securities
(TSX: TO.UN). Distributions are payable July 31, 2008 to holders of record on
July 15, 2008.

    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.

    
    Distribution Details

    Distribution per Income Security (TSX: TO.A):       $0.0917
    Distribution per ROC Security (TSX: TO.UN):         $0.0792
    Ex-Dividend Date:                                   July 11, 2008
    Record Date:                                        July 15, 2008
    Payment Date:                                       July 31, 2008
    

    %SEDAR: 00019441E




For further information:

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

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TAX OPTIMIZED RETURN ORIENTED SECURITIES TRUST

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