Tax Optimized Return Oriented Securities Trust Announces Results of Annual Redemption

    TORONTO, Oct. 2 /CNW/ - Lawrence Asset Management Inc., the Manager of
Tax Optimized Return Oriented Securities Trust today announced that it
received requests for redemption in respect of a total of 368,500 trust units
(TSX: TO.UN), representing approximately 20% of the currently outstanding ROC
Securities. Unitholders who redeemed trust units will be entitled to receive
$7.39, an amount equal to the Net Asset Value per trust unit determined as of
September 30, 2008 using a three day volume weighted average trading price of
each security less any costs of funding the redemption, including commissions.
Unitholders redeeming trust units will receive payment on or before
October 15, 2008.

    TOROS invests in an actively managed diversified portfolio consisting
primarily of income funds, including commodity-based trusts, operating
business trusts, REITs and power and pipeline trusts. TOROS is managed by
Lawrence Asset Management Inc.
    %SEDAR: 00019441E

For further information:

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

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890