Northwater Top 75 Income Trusts Plus - March 31, 2008 distribution

    TORONTO, March 19 /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 March 31, 2008 in the amount of $0.08 per
unit. The distribution is expected to be paid on April 15, 2008.
    Information on the tax character of the distributions made by the Trust
for the year ended December 31, 2007 is now available on our website at, or by phoning (416) 360-5435.

    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 or Stephen Foote at Northwater
Capital Management Inc. at (416) 360-5435.

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