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First Asset Announces Results of Special Unitholder Meeting

TORONTO, March 15, 2016 - First Asset Hamilton Capital European Bank Fund (the "Fund") (TSX: EB.UN) announces that at a special meeting of the unitholders held today, unitholders approved certain amendments to the Fund's declaration of trust in order to permit the conversion of the Fund from a closed-end fund to an actively managed exchange traded fund, and certain other changes to the investment objectives, strategies and restrictions of the Fund (the "Conversion").

The implementation of the Conversion is subject to certain third party and regulatory approvals, including obtaining a receipt for the final prospectus of the exchange traded-fund. First Asset Investment Management Inc., the manager of the Fund (the "Manager"), currently anticipates that the Conversion will be implemented before the end of April, 2016. The Manager will issue a press release announcing the effective date of the Conversion as soon as practicable after all of the approvals for the Conversion have been obtained.

For further information, please call Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.

TMFirst Asset and its logo are trademarks of First Asset Capital Corp., a wholly-owned subsidiary of CI Financial Corp. which is listed on the Toronto Stock Exchange under the symbol "CIX". ®CI FINANCIAL is a registered trademark of CI Investments Inc., used under license.

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