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Final 2013 Annual Capital Gains Distributions For First Asset ETFs

TORONTO, December 23, 2013 - Further to its announcements on November 27, 2013, and December 17, 2013, First Asset Investment Management Inc., today announces the confirmed final 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 previously reported 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.


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Fund Name                               TSX         Annual Capital Gain           
                                        Trading     Distribution per            
                                        Symbol      Fund Unit                            
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First Asset Can-60 Covered Call ETF     LXF                  $0.00          
                                       -------------------------------------
                                        LXF.A                $0.00          
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First Asset Can-Energy Covered Call ETF OXF                  $0.00          
                                       -------------------------------------
                                        OXF.A                $0.00          
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First Asset Can-Financials Covered Call FXF                  $0.00          
 ETF                                                                        
                                       -------------------------------------
                                        FXF.A                $0.00          
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First Asset Can-Materials Covered Call  MXF                  $0.00          
 ETF                                                                        
                                       -------------------------------------
                                        MXF.A                $0.00          
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First Asset Canadian Convertible Bond   CXF                  $0.00          
 ETF                                                                        
                                       -------------------------------------
                                        CXF.A                $0.00          
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First Asset Tech Giants Covered Call    TXF                  $0.00          
 ETF                                                                        
                                       -------------------------------------
                                        TXF.A                $0.00          
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First Asset Morningstar Canada Dividend DXM                  $0.00          
 Target 30 Index ETF                                                        
                                       -------------------------------------
                                        DXM.A                $0.00          
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First Asset Morningstar US Dividend     UXM                  $0.00          
 Target 50 Index ETF                                                        
                                       -------------------------------------
                                        UXM.A                $0.00          
                                       -------------------------------------
                                        UXM.B                $0.00          
                                       -------------------------------------
                                        UXM.D                $0.00          
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First Asset Morningstar National Bank   QXM                 $0.2126         
 Quebec Index ETF                                                           
                                       -------------------------------------
                                        QXM.A               $0.0874         
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First Asset Morningstar Canada Value    FXM                 $0.0528         
 Index ETF                                                                  
                                       -------------------------------------
                                        FXM.A               $0.3019         
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First Asset Morningstar Canada Momentum WXM                  $0.00          
 Index ETF                                                                  
                                       -------------------------------------
                                        WXM.A                $0.00          
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First Asset Morningstar US ValueIndex   XXM                  $0.00          
 ETF                                                                        
                                       -------------------------------------
                                        XXM.A                $0.00          
                                       -------------------------------------
                                        XXM.B                $0.00          
                                       -------------------------------------
                                        XXM.D                $0.00          
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First Asset Morningstar US Momentum     YXM                  $0.00          
 Index ETF                                                                  
                                       -------------------------------------
                                        YXM.A                $0.00          
                                       -------------------------------------
                                        YXM.B                $0.00          
                                       -------------------------------------
                                        YXM.D                $0.00          
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First Asset Morningstar Emerging        EXM                  $0.00          
 Markets Composite Bond Index ETF                                           
                                       -------------------------------------
                                        EXM.A                $0.00          
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First Asset DEX Government Bond Barbell GXF                  $0.00          
 Index ETF                                                                  
                                       -------------------------------------
                                        GXF.A                $0.00          
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First Asset DEX Corporate Bond Barbell  KXF                  $0.00          
 Index ETF                                                                  
                                       -------------------------------------
                                        KXF.A                $0.00          
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First Asset DEX All Canada Bond Barbell AXF                  $0.00          
 Index ETF                                                                  
                                       -------------------------------------
                                        AXF.A                $0.00          
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First Asset DEX Provincial BondIndex    PXF                  $0.00          
 ETF                                                                        
                                       -------------------------------------
                                        PXF.A                $0.00          
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First Asset DEX 1-5 Year Laddered       BXF                  $0.00          
 Government Strip Bond Index ETF                                            
                                       -------------------------------------
                                        BXF.A                $0.00          
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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 in1996, 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.