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Canadian Energy Convertible Debenture Fund: Distribution Press Release

TORONTO, February 16, 2011 - Canadian Energy Convertible Debenture Fund (TSX: CFE.UN) announces a distribution of $0.05833 per Unit for the month ending February 28, 2011. The distribution will be paid on or before March 15, 2011 to unitholders of record on February 28, 2011.

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