Press Releases

First Asset Closed-End Funds Distribution Press Release

TORONTO, June 19, 2013 – First Asset Closed-End Funds announces the following distributions for the month and quarter ending June 30, 2013. In all cases, the distribution will be paid on or before July 12, 2013, to holders of record on June 28, 2013.

Name

TSX Symbol

Distribution (per unit)

First Asset Yield Opportunity Trust – Series A

FAY.UN

$0.1458

First Asset Yield Opportunity Trust – Series B

FAY.U

$0.044 (USD)

First Asset Canadian REIT Income Fund

RIT.UN

$0.05

First Asset Pipes & Power Income Fund

EWP.UN

$0.03

Utility Split Trust – Capital Units

UST.UN

$0.05

Utility Split Trust – Preferred Shares

UST.PR.B

$0.13125

Triax Diversified High-Yield Trust

TRH.UN

$0.07

First Asset Diversified Convertible Debenture Fund

DCD.UN

$0.30

Preferred Share Investment Trust

PSF.UN

$0.175

First Asset CanBanc Split Corp. – Preferred Shares

CBU.PR.A

$0.1625

CanBanc Income Corp.

CIC

$0.175

Can-60 Income Corp.

CSY

$0.1625

Canadian Advantaged Convertibles Fund

ADC.UN

$0.15

Can-Financials Income Corp.

FIC

$0.15

North American Advantaged Convertibles Fund

NCD.UN

$0.125

Canadian REIT Income Fund

RIU.UN

$0.1375

First Asset Canadian Dividend Opportunity Fund II

DVF.UN

$0.04167

CanBanc 8 Income Corp.

CBF

$0.15

First Asset Morningstar U.S. Consumer Defensive Index Fund

UCD.UN

$0.05

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