Press Releases

First Asset: Distribution Press Release

TORONTO, June 21, 2011 - First Asset announces the following distributions for the month and quarter ending June 30, 2011. In all cases, the distribution will be paid on or before July 15, 2011, to share holders of record on June 30, 2011.


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                                       TSX          Distribution TSX Trading
Name                                Symbol     Amount (per unit)   Price (a)
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                                   MONTHLY                                  
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First Asset Yield Opportunity                                               
 Trust - Series A                   FAY.UN       $        0.1458     $ 16.11
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First Asset Yield Opportunity                                               
 Trust - Series B                    FAY.U       $         0.044     $  5.70
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First Asset REIT Income Fund        RIT.UN       $          0.05     $ 11.12
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First Asset Pipes & Power                                                   
 Income Fund                        EWP.UM       $          0.03     $  7.70
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Split REIT Opportunity Trust -                                              
 Capital Units                      SOT.UN       $         0.045     $ 16.76
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Utility Split Trust - Capital                                               
 Units                              UST.UN       $          0.05     $ 12.70
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Triax Diversified High-Yield                                                
 Trust                              TRH.UN       $          0.07     $ 12.45
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Canadian Energy Convertible                                                 
 Debenture Fund                     CFE.UN       $       0.05833     $  9.70
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First Asset Canadian Dividend                                               
 Opportunity Fund                   DOF.UN       $          0.05     $ 10.00
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                                  QUARTERLY                                 
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Split REIT Opportunity Trust -                                              
 Preferred Shares                 SOT.PR.A       $       0.14375     $ 10.60
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Utility Split Trust - Preferred                                             
 Shares                           UST.PR.A       $          0.15     $ 10.16
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First Asset Diversified                                                     
 Convertible Debenture Fund            DCD       $          0.30     $ 18.19
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Preferred Share Investment                                                  
 Trust                                 PSF       $         0.175     $ 11.65
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CanBanc Split Corp. - Preferred                                             
 Shares                           CBU.PR.A       $        0.1625     $ 12.00
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CanBanc Income Corp.                   CIC       $         0.175     $  9.98
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Can60 Income Corp.                     CSY       $        0.1625     $  9.25
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Canadian Advantaged                                                         
 Convertibles Fund                     ADC       $          0.15     $  9.36
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(a) As at close on June 20, 2011.

For further information, please contact Rob MacNiven, Investor Relations at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.