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First Asset Exchange Traded Funds Announces Distributions

TORONTO, March 18, 2013 - First Asset Exchange Traded Funds announces the following distributions for the month ending March 31, 2013. In all cases, the distribution will be paid on or before April 3, 2013, to unitholders of record on March 27, 2013. The ex-dividend date in each case is March 25, 2013.


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                                                                Distribution
                                                      Trading         Amount
                                                       Symbol     (per unit)
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First Asset Can-60 Covered Call ETF                       LXF         0.1625
                                                   -------------------------
                                                        LXF.A         0.1625
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First Asset Can-Financials Covered Call ETF               FXF          0.125
                                                   -------------------------
                                                        FXF.A         0.1063
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First Asset Can-Energy Covered Call ETF                   OXF           0.15
                                                   -------------------------
                                                        OXF.A           0.15
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First Asset Can-Materials Covered Call ETF                MXF         0.1875
                                                   -------------------------
                                                        MXF.A         0.1875
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First Asset Tech Giants Covered Call ETF                  TXF           0.20
                                                   -------------------------
                                                        TXF.A         0.1813
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First Asset Canadian Convertible Bond ETF                 CXF         0.0375
                                                   -------------------------
                                                        CXF.A        0.03125
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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 National Bank Quebec Index                          
 ETF                                                      QXM           0.05
                                                   -------------------------
                                                        QXM.A         0.0313
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First Asset Morningstar US Dividend Target 50 Index                         
 ETF                                                      UXM           0.09
                                                   -------------------------
                                                        UXM.A         0.0713
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First Asset Morningstar Canada Value Index ETF            FXM         0.0563
                                                   -------------------------
                                                        FXM.A         0.0375
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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         0.0333
                                                   -------------------------
                                                        AXF.A         0.0292
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First Asset DEX Corporate Bond Barbell Index ETF          KXF         0.0354
                                                   -------------------------
                                                        KXF.A         0.0313
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First Asset DEX Government Bond Barbell Index ETF         GXF         0.0292
                                                   -------------------------
                                                        GXF.A         0.0250
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First Asset Morningstar Emerging Markets Composite                          
 Bond Index ETF                                           EXM         0.0396
                                                   -------------------------
                                                        EXM.A         0.0354
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First Asset DEX Provincial Bond Index ETF                 PXF         0.0333
                                                   -------------------------
                                                        PXF.A         0.0292
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All of the distributions indicated in the table above will be paid in cash unless the Unitholder has enrolled in the applicable DRIP of the respective ETF. Under the DRIP, any distributions made by an ETF are automatically used to purchase additional units of the ETF making the distribution. Eligible unitholders are encouraged to contact the institution through which they hold their units to confirm enrolment procedures and timelines. A copy of the Distribution Reinvestment Plan is available at www.firstasset.com.

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.