Press Releases

First Asset Distribution Press Release

TORONTO, June 20, 2012 - First Asset announces the following distributions for the month and quarter ending June 30, 2012. In all cases, the distribution will be paid on or before July 13, 2012, to holders of record on June 29, 2012.

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                                                                Distribution
                                                                      Amount
Name                                              TSX Symbol      (per unit)
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First Asset Yield Opportunity Trust - Series A        FAY.UN   $      0.1458
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First Asset Yield Opportunity Trust - Series B         FAY.U   $  0.044(USD)
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First Asset Canadian REIT Income Fund                 RIT.UN   $        0.05
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First Asset Pipes & Power Income Fund                 EWP.UN   $        0.03
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Utility Split Trust - Capital Units                   UST.UN   $        0.05
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Utility Split Trust - Preferred Shares              UST.PR.B   $     0.13125
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Triax Diversified High-Yield Trust                    TRH.UN   $        0.07
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First Asset Diversified Convertible Debenture Fund    DCD.UN   $        0.30
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Preferred Share Investment Trust                      PSF.UN   $       0.175
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First Asset CanBanc Split Corp. - Preferred Shares  CBU.PR.A   $      0.1625
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CanBanc Income Corp.                                     CIC   $      0.1875
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Can-60 Income Corp.                                      CSY   $      0.1625
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Canadian Advantaged Convertibles Fund                 ADC.UN   $        0.15
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Can-Financials Income Corp.                              FIC   $       0.175
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North American Advantaged Convertibles Fund           NCD.UN   $       0.125
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Canadian REIT Income Fund                             RIU.UN   $      0.1375
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First Asset Canadian Dividend Opportunity Fund II     DVF.UN   $     0.04167
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For further information, please contact Rob MacNiven, Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.