Yield Management Group High Income Trust - Open market purchase program to be renewed



    TORONTO, Oct. 31 /CNW/ - Fiera Capital Inc., the sponsor and manager of
the Yield Management Group High Income Trust, a closed end investment trust
listed on The Toronto Stock Exchange (HIT.UN), announced today that the Trust
intends to renew for another year its open market purchase program, subject to
approval by the TSX. As at October 30, there were 1,402,528 trust units
outstanding. The Trust did not purchase any units under its previous open
market purchase program that was in effect from September 18, 2006 to
September 17, 2007.
    Under the renewed program, if at any time the market price of the Trust's
units is less than 90% of the net asset value per unit most recently
determined, subject to compliance with any applicable regulatory requirements,
the Trust will offer, by way of a normal course issuer bid made through the
facilities of a member broker of The Toronto Stock Exchange, to purchase for
cancellation any units offered in the market at the then prevailing price, up
to a maximum amount in any thirty day period of 2% of the number of units
outstanding at the beginning of the renewed purchase program, subject to a
maximum of 70,126 units (being 5% of the total number of units outstanding)
over the twelve month period commencing November 2, 2007 and terminating
November 1, 2008. The normal course issuer bid recognizes the possibility that
the units of the Trust may trade at a discount to their net asset value and is
intended to minimize market value discounts from the net asset value.





For further information:

For further information: you may contact Jim Craven, Senior Vice
President, Fiera Capital Inc., toll-free at 1-800-994-9002 or by e-mail at
info@fieracapital.com. You may also visit Fiera's web site at
www.fieracapital.com

Organization Profile

YIELD MANAGEMENT GROUP HIGH INCOME TRUST

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