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First Asset/Blackrock North American Dividend Achievers(TM) Trust Announces Results of Unitholder Meeting and Merger Time Line

TORONTO, Thursday, December 17, 2009 - First Asset/BlackRock North American Dividend AchieversTM Trust (TSX: BDA.UN) ("BDA Fund") announces that Unitholders have approved the merger of BDA Fund into Criterion Global Dividend Fund ("Global Dividend Fund").

The units of BDA Fund will be delisted as at the close of business on December 21, 2009 in order to facilitate the merger which is currently scheduled to occur on Wednesday, December 30, 2009. Assuming receipt of all required approvals, on that date, units of BDA Fund will be exchanged for Class D units of Global Dividend Fund at an exchange ratio calculated based on the relative net asset value of each fund as at the close of business on Tuesday, December 29, 2009.

The former unitholders of BDA Fund will not be required to take any action in order to be recognized as unitholders of Global Dividend Fund following the merger.

No distributions will be declared by BDA Fund in advance of the merger. Former unitholders of BDA Fund will receive any distributions declared by Global Dividend Fund in respect of the period-ending December 31, 2009.

For more information, please call Investor Relations at (416) 642-1289 or (877) 642-1289, or visit www.firstasset.com.