Lawrence Payout Ratio Trust Declares Monthly Distribution

    TORONTO, April 19 /CNW/ - The Manager of Lawrence Payout Ratio Trust
("LPRT") today announced the Trust's distribution to holders of Lawrence
Payout Ratio Trust Units (TSX: LPU.UN). The monthly distribution on the trust
units will be payable on or before May 14, 2007 to holders of record as of
April 30, 2007.

    Lawrence Payout Ratio Trust is a passively managed portfolio of the 40
Canadian income funds allocated among business and industrial funds, commodity
based royalty trusts, real estate investment trusts and pipeline and power
generation funds in accordance with specific sector weightings, that have the
lowest estimated payout ratios within each such income fund sector, as
determined by the manager. LPRT units are eligible as Canadian content. LPRT
is managed by Lawrence Asset Management Inc.

    Distribution Details

    Distribution per Lawrence Payout Ratio unit (TSX: LPU.UN): $0.0583
    Ex-Dividend Date:                                          April 26, 2007
    Record Date:                                               April 30, 2007
    Payment Date:                                              May 14, 2007
    %SEDAR: 00021336E

For further information:

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

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