Onyx Trust, Series A-1 - Net Asset Value as at january 31, 2008

    MONTREAL, March 4 /CNW Telbec/ - Onyx Trust, Series A-1 ("Onyx")
announces that its net asset value per unit as at January 31, 2008 amounted to
    In the absence of credit events occurring between January 31, 2008 and
May 2, 2008 exceeding the first loss tranche, and based on certain revenue and
expense assumptions, the final distribution is estimated at $101.73, being the
sum of the regular distribution and the estimated net asset value as at the
Maturity Date (May 17, 2008). Based on those assumptions, it is estimated that
from the amount of $101.73, $28.59 will represent an attribution of ordinary
income. The final distribution will include the payment of the redemption
price of all outstanding units at the original subscription price of $100 per
unit and the payment of the last quarterly distribution of $1.73
(approximately 4 months), all of which being payable on May 19, 2008 to the
holders of record on May 12, 2008.
    Taxpayers should consult their tax advisors to determine how they will be
affected by the final distribution.

For further information:

For further information: François Rivard, (514) 879-6405,

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