TORONTO, Aug. 1 /CNW/ - The Board of Directors of High Income Principal
And Yield Securities Corporation ("HI PAYS") today announced its regular
monthly distributions to holders of HI PAYS Preferred Shares (TSX: PAY.PR.A).
Distributions are payable August 31, 2007 to shareholders of record on August
HI PAYS invests in a diversified portfolio consisting principally of
common shares issued by corporations whose shares are included in the S&P 500
Index and the S&P/TSX Composite Index, income funds and debt securities.
Lawrence Asset Management Inc. is both Manager and Investment Manager of HI
Distribution per Preferred Share (TSX: PAY.PR.A): $0.1146
Ex-Dividend Date: August 13, 2007
Record Date: August 15, 2007
Payment Date: August 31, 2007
For further information:
For further information: Investor Relations: Catherine Stretch, (416)