Northwater Top 75 Income Trusts Plus - February 27, 2009 Distribution

    TORONTO, Feb. 18 /CNW/ - The Northwater Top 75 Income Trusts Plus (the
"Trust") announced today it has declared a regular monthly distribution to be
payable to unitholders of record on February 27, 2009 in the amount of $0.02
per unit. The distribution is expected to be paid on March 13, 2009.

    The Northwater Top 75 Income Trusts Plus is a well-diversified fund of
income trusts and market-neutral hedge funds. Units are listed on the Toronto
Stock Exchange under the symbol NTP.UN.

For further information:

For further information: Mohamed Khaki at Northwater Capital Management
Inc. at (416) 360-5435

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