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First Asset Exchange Traded Funds Announces Distributions

TORONTO, September 18, 2012 - First Asset Exchange Traded Funds 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 3, 2012, to unitholders of record on September 27, 2012. The ex-dividend date in each case is September 25, 2012.


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                                                                Distribution
                                                        Trading       Amount
                                                         Symbol   (per unit)
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First Asset Canadian Convertible Bond ETF                   CXF   $   0.0342
                                                       ---------------------
                                                          CXF.A   $   0.0279
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First Asset Can-60 Covered Call ETF                         LXF   $   0.1625
                                                       ---------------------
                                                          LXF.A   $   0.1438
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First Asset Can-Financials Covered Call ETF                 FXF   $   0.1250
                                                       ---------------------
                                                          FXF.A   $   0.1063
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First Asset Can-Energy Covered Call ETF                     OXF   $   0.1500
                                                       ---------------------
                                                          OXF.A   $   0.1313
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First Asset Can-Materials Covered Call ETF                  MXF   $   0.2000
                                                       ---------------------
                                                          MXF.A   $   0.1813
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First Asset Tech Giants Covered Call ETF                    TXF   $   0.2000
                                                       ---------------------
                                                          TXF.A   $   0.1813
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First Asset Morningstar Canada Dividend Target 30 Index                     
 ETF                                                        DXM   $   0.0875
                                                       ---------------------
                                                          DXM.A   $   0.0688
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First Asset Morningstar US Dividend Target 50 Index ETF     UXM   $   0.0900
                                                       ---------------------
                                                          UXM.A   $   0.0713
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First Asset Morningstar National Bank Quebec Index ETF      QXM   $   0.0450
                                                       ---------------------
                                                          QXM.A   $   0.0263
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First Asset Morningstar Canada Value Index ETF              FXM   $   0.0470
                                                       ---------------------
                                                          FXM.A   $   0.0283
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First Asset Morningstar Canada Momentum Index ETF           WXM   $   0.0575
                                                       ---------------------
                                                          WXM.A   $   0.0388
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First Asset DEX All Canada Bond Barbell Index ETF           AXF   $   0.0292
                                                       ---------------------
                                                          AXF.A   $   0.0250
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First Asset DEX Corporate Bond Barbell Index ETF            KXF   $   0.0333
                                                       ---------------------
                                                          KXF.A   $   0.0292
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First Asset DEX Government Bond Barbell Index ETF           GXF   $   0.0283
                                                       ---------------------
                                                          GXF.A   $   0.0242
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For further information, please contact Rob MacNiven, Investor Relations, First Asset at 1-877-642-1289 or visit www.firstasset.com.

This communication is intended for informational purposes only. Commissions, management fees and expenses all may be associated with investments in exchange traded funds. Please read the prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated.