DDJ High Yield Fund renews normal course issuer bid

    TSX Symbol: HYB.UN

    TORONTO, Oct. 29 /CNW/ - DDJ High Yield Fund (the "Fund") intends to
purchase for cancellation up to 322,473 of its Trust Units by way of a normal
course issuer bid through the facilities of The Toronto Stock Exchange. The
322,473 Trust Units represent 10% of the public float of the Fund being
3,224,729 Trust Units as at October 21, 2008. The number of issued and
outstanding Trust Units as at October 21, 2008 is 3,224,729.
    The purchases may commence on November 3, 2008 and will terminate on
October 30, 2009, 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
    In the last 12 months under its previous normal course issuer bid, the
Fund purchased 97,300 of its Trust Units at an average price of $9.42 per
Trust Unit.

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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