DDJ High Yield Fund renews normal course issuer bid

    TSX Symbol: HYB.UN

    TORONTO, Oct. 26 /CNW/ - DDJ High Yield Fund (the "Fund") intends to
purchase for cancellation up to 332,183 of its Trust Units by way of a normal
course issuer bid through the facilities of The Toronto Stock Exchange. The
332,183 Trust Units represent 10% of the public float of the Fund being
3,321,829 Trust Units as at October 22, 2007. The number of issued and
outstanding Trust Units as at October 22, 2007 is 3,321,829.
    The purchases may commence on November 1, 2007 and will terminate on
October 31, 2008, or on such earlier date as the Fund may complete its
purchases pursuant to a notice of intention filed with The Toronto Stock
Exchange or provide notice of termination. Any such purchases will be made by
the Fund at the prevailing market price at the time of such purchases in
accordance with the requirements of The Toronto Stock Exchange.
    Pursuant to the Amended and Restated Trust Agreement governing the Fund,
the Fund may only repurchase Trust Units at a price which is less than 90% of
the most recently determined Net Asset Value per Trust Unit. If the Trust
Units are trading at more than a 10% discount to the Net Asset Value per Trust
Unit, the Manager of the Fund believes that it would be in the best interests
of the Fund and the holders of the Trust Units to purchase Trust Units in the
    The Fund did not purchase any Trust Units pursuant to its previous normal
course issuer bid which commenced on November 1, 2006 and will expire on
October 31, 2007.

For further information:

For further information: David C. Pauli, Executive Vice-President and
Chief Operating Officer, CI Investments Inc., Tel.: (416) 364-1145, Toll Free:

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