Press Releases

First Asset Exchange Traded Funds Announces Distributions

TORONTO, June 19, 2012 - First Asset Exchange Traded Funds 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 5, 2012, to unitholders of record on June 28, 2012. The ex-dividend date in each case is June 26, 2012.


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                                                                Distribution
                                                      Trading         Amount
                                                       Symbol     (per unit)
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First Asset Canadian Convertible Bond ETF                 CXF  $      0.0417
                                                    ------------------------
                                                        CXF.A  $      0.0354
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First Asset Can-60 Covered Call ETF                       LXF  $      0.1663
                                                    ------------------------
                                                        LXF.A  $      0.1515
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First Asset Can-Financials Covered Call ETF               FXF  $      0.1500
                                                    ------------------------
                                                        FXF.A  $      0.1313
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First Asset Can-Energy Covered Call ETF                   OXF  $      0.1500
                                                    ------------------------
                                                        OXF.A  $      0.1379
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First Asset Can-Materials Covered Call ETF                MXF  $      0.1875
                                                    ------------------------
                                                        MXF.A  $      0.1744
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First Asset Tech Giants Covered Call ETF                  TXF  $      0.2500
                                                    ------------------------
                                                        TXF.A  $      0.2313
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First Asset Morningstar Canada Dividend Target 30                           
 Index ETF                                                DXM  $      0.0875
                                                    ------------------------
                                                        DXM.A  $      0.0688
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First Asset Morningstar US Dividend Target 50 Index                         
 ETF                                                      UXM  $      0.0944
                                                    ------------------------
                                                        UXM.A  $      0.0759
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First Asset Morningstar National Bank Quebec Index                          
 ETF                                                      QXM  $      0.0438
                                                    ------------------------
                                                        QXM.A  $      0.0250
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First Asset Morningstar Canada Value Index ETF            FXM  $      0.0500
                                                    ------------------------
                                                        FXM.A  $      0.0313
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First Asset Morningstar Canada Momentum Index ETF         WXM  $      0.0439
                                                    ------------------------
                                                        WXM.A  $      0.0250
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For further information, please contact Rob MacNiven, Investor Relations, First Asset at 1-877-642-1289 or visit www.firstasset.com.

This communication is intended for informational purposes only. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated.