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Canadian Convertible Debenture Fund: Distribution Press Release

TORONTO, September 20, 2010 - Canadian Convertible Debenture Fund (TSX:CDF.UN) announces a distribution of $0.0625 per Unit for the month ending September 30, 2010. The distribution will be paid on or before October 15, 2010 to unitholders of record on September 30, 2010.

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