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Canadian Energy Convertible Debenture Fund: Distribution Press Release

TORONTO, October 20, 2010 - Canadian Energy Convertible Debenture Fund (TSX:CFE.UN) announces a distribution of $0.05833 per Unit for the month ending October 31, 2010. The distribution will be paid on or before November 12, 2010 to unitholders of record on October 29, 2010.

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