Acuity Growth & Income Trust declares distribution

/THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES./

TORONTO, March 27 /CNW/ - (TSX: AIG-UN.TO): Acuity Growth & Income Trust (the "Trust") announces an indicative distribution for the following twelve months of $0.96 per unit ($.08 per month). This is based upon the prevailing market conditions and the Manager's estimate of distributable cash flow for the year.

The distribution per unit per month for record dates through to March 31, 2009, is as follows:

    
    Month        Record Date          Payment Date         Amount
    -----        -----------          ------------         ------

    April        April 30, 2008       May 8, 2008          $0.08
    May          May 30, 2008         June 12, 2008        $0.08
    June         June 30, 2008        July 10, 2008        $0.08
    July         July 31, 2008        August 14, 2008      $0.08
    August       August 29, 2008      September 11, 2008   $0.08
    September    September 30, 2008   October 9, 2008      $0.08
    October      October 31, 2008     November 13, 2008    $0.08
    November     November 28, 2008    December 11, 2008    $0.08
    December     December 31, 2008    January 8, 2009      $0.08
    January      January 30, 2009     February 12, 2009    $0.08
    February     February 27, 2009    March 12, 2009       $0.08
    March        March 31, 2009       April 9, 2009        $0.08
    

Acuity Investment Management Inc. ("Acuity") provides investment advisory and portfolio management services to the Trust. Acuity was formed in 1990 and currently has assets under management of approximately $8.8 billion.

This press release is not for distribution in the United States.

Contacts

Ian O. Ihnatowycz
President
or George Henry
Chief Financial Officer
at Acuity Funds Ltd. at 1-800-461-4570