Press Releases

First Asset Closed-End Funds September Distributions

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


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                                                 Confirmed Regular          
Name                                TSX Symbol   Distribution (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(1)                
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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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1.  With respect to Preferred Share Investment Trust (TSX:PSF.UN), the
    Manager generally provides annual guidance as to the expected amount of
    the distribution for the coming year. Rather than provide precise
    guidance at this time, the Manager will assess the amount of the
    distribution on a quarterly basis having regard to, among other things,
    the anticipated net cash flows, the net asset value and markets
    generally. There can be no assurance that the amount will not vary from
    quarter to quarter, or that the Trust will make any distribution in any
    particular quarter.

For further information, please call Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.