Saxon Financial declares dividend

    TORONTO, March 5 /CNW/ - Saxon Financial Inc. (TSX:SFI) announced today
that its board of directors declared a quarterly dividend in the amount of
$0.23 per common share. The dividend will be payable on March 27, 2008 to
shareholders of record on March 13, 2008.
    Please visit Saxon's website at for further
investor information.

    About Saxon Financial Inc.

    Saxon Financial Inc. is one of Canada's most respected value style
investment management firms. The Company has three principal businesses: Saxon
Funds Management Limited, which manages a family of high-performing mutual
funds; Howson Tattersall Investment Counsel Limited, an institutional asset
management business; and Howson Tattersall Private Asset Management Inc., a
private client asset management business.

For further information:

For further information: Mel Gabel, Chief Financial Officer, Saxon
Financial Inc., (416) 227-1617,; Jason Graham or
Daniel Tisch (media only), Argyle Communications, (416) 968-7311, ext. 229 or

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