Press Releases

First Asset Closed-End Funds June Distributions

TORONTO, June 19, 2014 – First Asset Closed-End Funds announces the following distributions for the month and quarter ending June 30, 2014.  In all cases, the distribution will be paid on or before July 15, 2014, to holders of record on June 30, 2014.

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                                                           Confirmed Regular
                                                                Distribution
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  $   0.0440 (USD)
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First Asset Canadian REIT Income Fund               RIT.UN  $         0.0500
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First Asset Pipes & Power Income Fund               EWP.UN  $         0.0300
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Utility Split Trust - Capital Units                 UST.UN  $         0.0500
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Utility Split Trust - Preferred Shares            UST.PR.B  $         0.1313
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Triax Diversified High-Yield Trust                  TRH.UN  $         0.0700
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First Asset Diversified Convertible Debenture                               
 Fund                                               DCD.UN  $         0.3000
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Preferred Share Investment Trust                    PSF.UN  $         0.1500
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First Asset CanBanc Split Corp. - Preferred                                 
 Shares                                           CBU.PR.A  $         0.1625
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CanBanc Income Corp.                                   CIC  $         0.1750
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Can-60 Income Corp.                                    CSY  $         0.1625
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Canadian Advantaged Convertibles Fund               ADC.UN  $         0.1500
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Can-Financials Income Corp.                            FIC  $         0.1500
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North American Advantaged Convertibles Fund         NCD.UN  $         0.1250
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CanBanc 8 Income Corp.                                 CBF  $         0.1500
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First Asset Morningstar U.S. Consumer                                       
 Defensive Index Fund                               UCD.UN  $         0.0569
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First Asset U.S. & Canada LifeCo Income Fund        ULC.UN  $         0.1110
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For further information, please call Investor Relations, First Asset at 416-642-1289 or 1?877?642?1289 or visit www.firstasset.com.