DDJ High Yield Fund announces redemptions

    TSX Symbol: HYB.UN

    TORONTO, Aug. 2 /CNW/ - DDJ High Yield Fund (the "Fund") today announced
that requests for redemptions of 7,448,201 units were submitted by unitholders
of the Fund, being approximately 69.16% of the Fund's current issued and
outstanding units. Payment of the redemptions will be made on August 30, 2007
based on the net asset value of the Fund on August 15, 2007. As of July 31,
2007 the net asset value of the Fund (unadjusted for upcoming redemptions) was
approximately $156.0 million.
    DDJ Capital Management, LLC of Waltham, Massachusetts, is a registered
investment advisor specializing in distressed and high-yield securities and
special situation investing. It manages approximately US$2.0 billion in
high-yield assets and has total assets under management of approximately
US$3.0 billion.
    CI Investments Inc. is a corporation controlled by CI Financial Income
Fund (TSX: CIX.UN), an independent, Canadian-owned wealth management firm with
approximately $97.2 billion in fee-earning assets as of July 31, 2007. CI
offers a broad range of investment products and services, including an
industry-leading selection of investment funds, and is on the Web at

For further information:

For further information: David R. McBain, Senior Vice-President, CI
Investments Inc., (416) 364-1145

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