TORONTO, June 21, 2016 - First Asset Closed-End Funds announces the following distributions for the month and quarter ending June 30, 2016. In all cases, the distribution will be paid on or before July 15, 2016, to holders of record on June 30, 2016.
|Name||TSX Symbol||Confirmed Regular Distribution (per unit)|
|Utility Split Trust – Capital Units||UST.UN||$0.0500|
|Utility Split Trust – Preferred Shares||UST.PR.B||$0.13125|
|Triax Diversified High-Yield Trust||TRH.UN||$0.0700|
|First Asset Diversified Convertible Debenture Fund||DCD.UN||$0.3000|
|Preferred Share Investment Trust||PSF.UN||$0.07501|
|First Asset Canadian Convertibles Fund||ADC.UN||$0.1500|
|North American Advantaged Convertibles Fund||NCD.UN||$0.1250|
|First Asset Morningstar U.S. Consumer Defensive Index Fund||UCD.UN||$0.0578|
|1 With respect to Preferred Share Investment Trust (TSX: PSF.UN), the reduction in the quarterly distribution amount is attributable to the continued low interest rate environment and the resulting income earned by the portfolio. The distribution amount is subject to change from quarter to quarter.|
For further information, please call 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. You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. First Asset Funds are managed by First Asset Investment Management Inc., a subsidiary of First Asset Capital Corp. (FA Capital).
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