Triax Diversified High-Yield Trust announces distribution



    TORONTO, June 20 /CNW/ - Triax Diversified High-Yield Trust (TSX: TRH.UN)
announces a distribution for the month ending June 30, 2007 of $0.07 per unit.
The distribution shall be paid on July 13, 2007 to unitholders of record on
June 29, 2007.
    The Trust offers unitholders the opportunity to increase their holdings
of units through the convenience provided by its Distribution Reinvestment
Plan. All distributions that are reinvested will be used to purchase
additional units of the Trust. In order to take advantage of the Plan on the
upcoming distribution, unitholders should contact their investment advisor as
soon as possible.





For further information:

For further information: please call Triax at (416) 362-2929 or
1-800-407-0287, or visit www.triaxcapital.com

Organization Profile

TRIAX DIVERSIFIED HIGH-YIELD TRUST

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TRIAX CAPITAL CORPORATION

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