Saxon Financial declares dividend

TORONTO, Aug. 6 /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 August 29, 2008 to shareholders of record on August 20, 2008.

Please visit Saxon's website at www.saxonfinancial.ca 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.