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First Asset Announces Name Change

Toronto, June 20, 2012 - Further to its announcement on June 5, 2012, First Asset announces that the name of First Asset REIT Income Fund (TSX: RIT.UN) has been changed to "First Asset Canadian REIT Income Fund" effective today. The name change does not affect the fund's ticker. Unitholders are not required to take any action in relation to the name change.

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.