Lawrence Income and Growth Fund Declares Monthly Distribution

    TORONTO, Sept. 19 /CNW/ - The Manager of Lawrence Income and Growth Fund
("LIGF") (formerly Lawrence Payout Ratio Trust) today announced the Fund's
distribution to holders of Lawrence Income and Growth Fund Units (LAW480). The
monthly distribution of $0.0583 per trust unit will be payable on or before
October 15, 2007 to holders of record as of September 28, 2007.
    Lawrence Income and Growth Fund is an actively managed portfolio of
Canadian income funds, convertible bonds, debentures, high yield debt
instruments and listed equity securities. LIGF units are RRSP eligible. LIGF
is managed by Lawrence Asset Management Inc.

    Distribution Details

    Distribution per Lawrence Payout Ratio unit (LAW480):  $0.0583
    Ex-Dividend Date:                                      September 26, 2007
    Record Date:                                           September 28, 2007
    Payment Date:                                          October 15, 2007


For further information:

For further information: Investor Relations: Catherine Stretch, (416)

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