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First Asset Distribution Press Release

TORONTO, September 19, 2012 - First Asset announces the following distributions for the month and quarter ending September 30, 2012. In all cases, the distribution will be paid on or before October 15, 2012, to holders of record on September 28, 2012.


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                                                                Distribution
                                                                      Amount
Name                                               TSX Symbol     (per unit)
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First Asset Yield Opportunity Trust - Series A         FAY.UN    $    0.1458
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                                                                       0.044
First Asset Yield Opportunity Trust - Series B          FAY.U    $     (USD)
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First Asset Canadian REIT Income Fund                  RIT.UN    $      0.05
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First Asset Pipes & Power Income Fund              EWP.UN    $      0.03
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Utility Split Trust - Capital Units                    UST.UN    $      0.05
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Utility Split Trust - Preferred Shares               UST.PR.B    $   0.13125
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Triax Diversified High-Yield Trust                     TRH.UN    $      0.07
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First Asset Diversified Convertible Debenture                               
 Fund                                                  DCD.UN    $      0.30
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Preferred Share Investment Trust                       PSF.UN    $     0.175
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First Asset CanBanc Split Corp. - Preferred                                 
 Shares                                              CBU.PR.A    $    0.1625
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CanBanc Income Corp.                                      CIC    $     0.175
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Can-60 Income Corp.                                       CSY    $    0.1625
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Canadian Advantaged Convertibles Fund                  ADC.UN    $      0.15
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Can-Financials Income Corp.                               FIC    $      0.15
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North American Advantaged Convertibles Fund            NCD.UN    $     0.125
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Canadian REIT Income Fund                              RIU.UN    $    0.1375
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First Asset Canadian Dividend Opportunity Fund II      DVF.UN    $   0.04167
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For further information, please contact Rob MacNiven, Investor Relations at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.