Pour diffusion

First Asset Announces Revised Estimated 2013 Annual Capital Gains Distributions For First Asset ETFs

TORONTO, December 17, 2013 – Further to its announcement on November 27, 2013, First Asset Investment Management Inc., today announces revised estimated annual capital gains distributions for the First Asset ETFs listed below for the 2013 tax year. These amounts are for the year-end capital gains distributions only and do not include the ongoing monthly or quarterly cash distribution amounts which were reported today in a separate press release. The annual capital gains distributions will not be paid in cash, but will be reinvested and the resulting units immediately consolidated so that the number of units held by each investor will not change. Investors holding their units outside registered plans will have taxable amounts to report and an increase in the adjusted cost base of their investment. In all cases, the distribution will be paid on or before January 6, 2014, to unitholders of record on December 30, 2013. The ex-dividend date in each case is December 24, 2013.

The actual taxable amounts of all distributions (cash and reinvested) for 2013, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2014.


----------------------------------------------------------------------------
                                          TSX  Estimated Annual Capital Gain
                                      Trading  Distribution per Fund Unit as
Fund Name                              Symbol           at November 25, 2013
----------------------------------------------------------------------------
First Asset Can-60 Covered Call ETF       LXF                          $0.00
                                   -----------------------------------------
                                        LXF.A                          $0.00
----------------------------------------------------------------------------
First Asset Can-Energy Covered Call                                         
 ETF                                      OXF                          $0.00
                                   -----------------------------------------
                                        OXF.A                          $0.00
----------------------------------------------------------------------------
First Asset Can-Financials Covered                                          
 Call ETF                                 FXF                          $0.00
                                   -----------------------------------------
                                        FXF.A                          $0.00
----------------------------------------------------------------------------
First Asset Can-Materials Covered                                           
 Call ETF                                 MXF                          $0.00
                                   -----------------------------------------
                                        MXF.A                          $0.00
----------------------------------------------------------------------------
First Asset Canadian Convertible                                            
 Bond ETF                                 CXF                          $0.00
                                   -----------------------------------------
                                        CXF.A                          $0.00
----------------------------------------------------------------------------
First Asset Tech Giants Covered                                             
 Call ETF                                 TXF                          $0.00
                                   -----------------------------------------
                                        TXF.A                          $0.00
----------------------------------------------------------------------------
First Asset Morningstar Canada                                              
 Dividend Target 30 Index ETF             DXM                          $0.00
                                   -----------------------------------------
                                        DXM.A                          $0.00
----------------------------------------------------------------------------
First Asset Morningstar US Dividend                                         
 Target 50 Index ETF                      UXM                          $0.00
                                   -----------------------------------------
                                        UXM.A                          $0.00
                                   -----------------------------------------
                                        UXM.B                          $0.00
                                   -----------------------------------------
                                        UXM.D                          $0.00
----------------------------------------------------------------------------
First Asset Morningstar National                                            
 Bank Quebec Index ETF                    QXM                          $0.22
                                   -----------------------------------------
                                        QXM.A                          $0.09
----------------------------------------------------------------------------
First Asset Morningstar Canada                                              
 Value Index ETF                          FXM                          $0.06
                                   -----------------------------------------
                                        FXM.A                          $0.31
----------------------------------------------------------------------------
First Asset Morningstar Canada                                              
 Momentum Index ETF                       WXM                          $0.00
                                   -----------------------------------------
                                        WXM.A                          $0.00
----------------------------------------------------------------------------
First Asset Morningstar US Value                                            
 Index ETF                                XXM                          $0.00
                                   -----------------------------------------
                                        XXM.A                          $0.00
                                   -----------------------------------------
                                        XXM.B                          $0.00
                                   -----------------------------------------
                                        XXM.D                          $0.00
----------------------------------------------------------------------------
First Asset Morningstar US Momentum                                         
 Index ETF                                YXM                          $0.00
                                   -----------------------------------------
                                        YXM.A                          $0.00
                                   -----------------------------------------
                                        YXM.B                          $0.00
                                   -----------------------------------------
                                        YXM.D                          $0.00
----------------------------------------------------------------------------
First Asset Morningstar Emerging                                            
 Markets Composite Bond Index ETF         EXM                          $0.00
                                   -----------------------------------------
                                        EXM.A                          $0.00
----------------------------------------------------------------------------
First Asset DEX Government Bond                                             
 Barbell Index ETF                        GXF                          $0.00
                                   -----------------------------------------
                                        GXF.A                          $0.00
----------------------------------------------------------------------------
First Asset DEX Corporate Bond                                              
 Barbell Index ETF                        KXF                          $0.00
                                   -----------------------------------------
                                        KXF.A                          $0.00
----------------------------------------------------------------------------
First Asset DEX All Canada Bond                                             
 Barbell Index ETF                        AXF                          $0.00
                                   -----------------------------------------
                                        AXF.A                          $0.00
----------------------------------------------------------------------------
First Asset DEX Provincial Bond                                             
 Index ETF                                PXF                          $0.00
                                   -----------------------------------------
                                        PXF.A                          $0.00
----------------------------------------------------------------------------
First Asset DEX 1-5 Year Laddered                                           
 Government Strip Bond Index ETF          BXF                          $0.00
                                   -----------------------------------------
                                        BXF.A                          $0.00
----------------------------------------------------------------------------

Forward-looking information
This press release contains forward-looking statements with respect to the estimated annual capital gains distributions for the First Asset ETFs. By their nature, these forward-looking statements involve certain risks and uncertainties, primarily subscription and redemption activity with respect to the First Asset ETFs, that could cause the actual distributions to differ materially from those contemplated in this press release.

ABOUT FIRST ASSET:
First Asset is an independent Canadian investment management company focused on delivering superior risk-adjusted investment returns to Canadian investors and their investment advisors. First Asset Exchange Traded Funds offer unique investment solutions on a low cost, transparent basis. Founded in 1996, First Asset is a leading manager of ETFs, mutual funds, and closed end funds in Canada.

For further information, please contact Investor Relations, First Asset at 416-642-1289 or 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.

Not for dissemination to U.S. newswire services or for dissemination to the United States of America.