Triax Diversified High-Yield Trust announces distribution

    TORONTO, April 19 /CNW/ - Triax Diversified High-Yield Trust (TSX:
TRH.UN) announces a distribution for the month ending April 30, 2007 of $0.07
per unit. The distribution shall be paid on May 15, 2007 to unitholders of
record on April 30, 2007.
    The Trust offers unitholders the opportunity to increase their holdings
of units through the convenience provided by its Distribution Reinvestment
Plan. All distributions that are reinvested will be used to purchase
additional units of the Trust. In order to take advantage of the Plan on the
upcoming distribution, unitholders should contact their investment advisor as
soon as possible.

For further information:

For further information: please call Triax at (416) 362-2929 or 1 (800)
407-0287, or visit

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