Press Releases

First Asset Closed-End Funds November Distributions

TORONTO, November 19, 2014 First Asset Closed-End Funds announces the following distributions for the month ending November 30, 2014. In all cases, the distribution will be paid on or before December 12, 2014, to holders of record on November 28, 2014.

Fund Name

TSX Symbol

Distribution Amount

(per unit)

First Asset Yield Opportunity Trust Series A

FAY.UN

$0.1458

First Asset Yield Opportunity Trust Series B

FAY.U

$0.0440 (USD)

First Asset Canadian REIT Income Fund

RIT.UN

$0.0500

First Asset Pipes & Power Income Fund

EWP.UN

$0.0300

Utility Split Trust Capital Units

UST.UN

$0.0500

Triax Diversified High-Yield Trust

TRH.UN

$0.0700

First Asset Morningstar U.S. Consumer Defensive Index Fund

UCD.UN

$0.0569

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