TORONTO, January 16, 2009 - The Manager1 of each of the funds listed below announces that certain annual management reports of fund performance for the yearended December 31, 2007 ("Annual MRFPs"), and certain interim management reports of fund performance for the period ended June 30, 2008 ("Interim MRFPs") have been revised and re-filed at the request of the Ontario Securities Commission (the "OSC"). The revisions relate primarily to certain deficiencies identified by the OSC in the course of its Continuous Disclosure Review. In each Manager's opinion, the deficiencies that were corrected did not result in a misstatement of a material fact or reflect the omission of a material fact in any of the continuous disclosure filings.
Fund Ticker Revised Reports ---- ------ --------------- First Asset Diversified Convertible DCD.UN - Annual MRFP Debenture Fund - Interim MRFP First Asset Global Infrastructure Fund FAI.UN - Annual MRFP First Asset REIT Income Fund RIT.UN - Annual MRFP First Asset Yield Opportunity Trust, FAY.UN - Annual MRFP Series A - Interim MRFP First Asset Yield Opportunity Trust, FAY.U - Annual MRFP Series B - Interim MRFP Global 45 Split Corp. GFV - Annual MRFP GFV.PR.A - Interim MRFP
Unitholders can obtain copies of the revised reports, free of charge, by calling (416) 642-1289 or 1-877-642-1289, by emailing email@example.com, or by visiting each fund's website at www.firstasset.com or on SEDAR at www.sedar.com.
1 First Asset Investment Management Inc. in the case of First Asset Diversified Convertible Debenture Fund, and First Asset Funds Inc. in the case of the other funds.