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First Asset Closed-End Funds July Distributions

TORONTO, July 22, 2014 – First Asset Closed-End Funds announces the following distributions for the month ending July 31, 2014.  In all cases, the distribution will be paid on or before August 15, 2014, to holders of record on July 31, 2014.

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                                                                Distribution
                                                         TSX          Amount
Fund Name                                             Symbol      (per unit)
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First Asset Yield Opportunity Trust - Series A        FAY.UN         $0.1458
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First Asset Yield Opportunity Trust - Series B         FAY.U   $0.0440 (USD)
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First Asset Canadian REIT Income Fund                 RIT.UN         $0.0500
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First Asset Pipes & Power Income Fund                 EWP.UN         $0.0300
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Utility Split Trust - Capital Units                   UST.UN         $0.0500
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Triax Diversified High-Yield Trust                    TRH.UN         $0.0700
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First Asset Morningstar U.S. Consumer Defensive                             
 Index Fund                                           UCD.UN         $0.0569
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For further information, please contact Investor Relations, First Asset at 416-642-1289 or 1?877?642?1289 or visit www.firstasset.com.