Canadian Closed-End Trust

Canadian Closed-End Trust

November 28, 2006 11:14 ET

Canadian Closed-End Trust Adds Exchange Eligible Issuer

TORONTO, ONTARIO--(CCNMatthews - Nov. 28, 2006) - Canadian Closed-End Trust (the "Trust") announces that Yield Management Group High Income Trust ("Yield Management") has been added to the list of Issuers, the securities of which are eligible for deposit under the terms of the Trust's exchange offer. Prospective purchasers may purchase units of the Trust by an exchange of securities of any of the Issuers listed in the Preliminary Prospectus of the Trust dated November 8, 2006, as well as the units of Yield Management.

Prospective purchasers intending to utilize the exchange offer must deposit exchange eligible securities by means of a book-entry deposit through CDS prior to 4:00 p.m. (Toronto Time) on December 8, 2006. Such book-entry deposits must be made by a broker or securities dealer who may have an earlier deadline for receiving instructions from its clients to deposit securities into the exchange offer.

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