Pour diffusion

First Asset Distribution Press Release

TORONTO, May 22, 2013 - First Asset announces the following distributions for the month ending May 31, 2013. In all cases, the distribution will be paid on or before June 14, 2013, to holders of record on May 31, 2013.


----------------------------------------------------------------------------
                                                                Distribution
                                                                      Amount
Name                                               TSX Symbol     (per unit)
----------------------------------------------------------------------------
First Asset Yield Opportunity Trust - Series A         FAY.UN  $      0.1458
----------------------------------------------------------------------------
First Asset Yield Opportunity Trust - Series B          FAY.U  $ 0.044 (USD)
----------------------------------------------------------------------------
First Asset Canadian REIT Income Fund                  RIT.UN  $        0.05
----------------------------------------------------------------------------
First Asset Pipes & Power Income Fund                  EWP.UN  $        0.03
----------------------------------------------------------------------------
Utility Split Trust - Capital Units                    UST.UN  $        0.05
----------------------------------------------------------------------------
Triax Diversified High-Yield Trust                     TRH.UN  $        0.07
----------------------------------------------------------------------------
First Asset Canadian Dividend Opportunity Fund II      DVF.UN  $     0.04167
----------------------------------------------------------------------------
First Asset Morningstar U.S. Consumer Defensive                             
 Index Fund                                            UCD.UN  $ 0.09603 (i)
----------------------------------------------------------------------------

(i) pro-rated amount for the period from the first day of trading (April 3, 2013) to May 31, 2013.

For further information, please contact Rob MacNiven, Investor Relations at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.