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First Asset Confirmed Distributions for 2012 Year-End

TORONTO, January 9, 2013 - First Asset confirms the regular and special distributions previously announced on December 18, 2012, for the Funds listed below. These distributions will be paid in cash on or before January 15, 2013, to holders of record on December 31, 2012.


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                                                           Confirmed Regular
Name                                     TSX Symbol  Distribution (per unit)
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First Asset Yield Opportunity Trust -                                       
 Series A                                    FAY.UN           $       0.1458
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First Asset Yield Opportunity Trust -                                       
 Series B                                     FAY.U           $  0.044 (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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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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                                                           Confirmed Special
Name                                     TSX Symbol  Distribution (per unit)
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Canadian REIT Income Fund                    RIU.UN           $        0.025
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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.