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First Asset Canadian Dividend Opportunity Fund Files Preliminary Prospectus

TORONTO, February 22, 2010 - First Asset Canadian Dividend Opportunity Fund (the "Fund") announces that it has filed a preliminary prospectus dated February 17, 2010 with the securities regulatory authorities of all of the Canadian provinces for an initial public offering of trust units (the "Units") at $10 per Unit.

The Fund has been created to invest in an actively managed portfolio (the "Portfolio") comprised primarily of equity securities of Canadian utility issuers, pipeline issuers and telecom issuers and select higher yielding equity securities of issuers which First Asset Investment Management Inc. (the "Manager" or "First Asset") believes will benefit from the near term economic environment in Canada and globally. First Asset believes that these sectors are significantly undervalued, offer attractive yields and/or rising payout ratios, and will benefit from renewed investor interest in businesses with higher yields and stable cash flows.

The Fund's investment objectives are to provide holders of Units with:

  1. monthly distributions; and
  2. the opportunity for capital appreciation.

The distributions are initially targeted to be 6% per annum on the subscription price of $10.00 per Unit ($0.05 per Unit per month or $0.60 per annum).

The Portfolio will be actively managed by First Asset. First Asset is a Canadian wealth management company that manages and administers approximately $1.4 billion in assets. Mr. John Stephenson will be the lead portfolio manager responsible for the Portfolio.

On or about the second anniversary of the closing of the offering, the Fund will, subject to receipt of all required regulatory approvals, automatically either: (i) convert to an open-end mutual fund, or (ii) merge with an open-end mutual fund on a tax-deferred basis, to be managed by the Manager or an affiliate of the Manager.

Prospective purchasers may purchase Units either by cash payment or an exchange of freely tradeable securities of each class or series of securities described in the table below. Prospective purchasers under the Exchange Option will be required to deposit their eligible exchange securities prior to 5:00 p.m. (Toronto time) on March 24, 2010 in the manner described in the preliminary prospectus.

Preferred Securities


---------------------------------------- ----------- ----------- -----------
                                                                   Dividend 
Exchange Eligible Security                  CUSIP     TSX Symbol     (%)    
---------------------------------------- ----------- ----------- -----------
ATCO Ltd. Series 3                       046789806   ACO.PR.A    5.75       
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Bank of Montreal Series 18               063671150   BMO.PR.N    6.50       
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Bank of Montreal Series 21               063671762   BMO.PR.O    6.50       
---------------------------------------- ----------- ----------- -----------
Bank of Montreal Series 10               063671838   BMO.PR.V    5.95       
---------------------------------------- ----------- ----------- -----------
Bank of Montreal Series 15               063671796   BMO.PR.L    5.80       
---------------------------------------- ----------- ----------- -----------
Bank of Montreal Series 14               063671143   BMO.PR.K    5.25       
---------------------------------------- ----------- ----------- -----------
Bank of Montreal Series 5                063671853   BMO.PR.H    5.30       
---------------------------------------- ----------- ----------- -----------
Bank of Montreal Series 13               063671812   BMO.PR.J    4.50       
---------------------------------------- ----------- ----------- -----------
Bank of Montreal Series 23               063671747   BMO.PR.P    5.40       
---------------------------------------- ----------- ----------- -----------
Bank of Nova Scotia Series 24            064149131   BNS.PR.S    6.25       
---------------------------------------- ----------- ----------- -----------
Bank of Nova Scotia Series 28            064149651   BNS.PR.X    6.25       
---------------------------------------- ----------- ----------- -----------
Bank of Nova Scotia Series 26            064149677   BNS.PR.T    6.25       
---------------------------------------- ----------- ----------- -----------
Bank of Nova Scotia Series 16            064149768   BNS.PR.N    5.25       
---------------------------------------- ----------- ----------- -----------
Bank of Nova Scotia Series 17            064149750   BNS.PR.O    5.60       
---------------------------------------- ----------- ----------- -----------
Bank of Nova Scotia Series 12            064149818   BNS.PR.J    5.25       
---------------------------------------- ----------- ----------- -----------
Bank of Nova Scotia Series 13            064149792   BNS.PR.K    4.80       
---------------------------------------- ----------- ----------- -----------
Bank of Nova Scotia Series 14            064149784   BNS.PR.L    4.50       
---------------------------------------- ----------- ----------- -----------
Bank of Nova Scotia Series 15            064149776   BNS.PR.M    4.50       
---------------------------------------- ----------- ----------- -----------
BCE Inc. Series AA                       05534B794   BCE.PR.A    4.80       
---------------------------------------- ----------- ----------- -----------
BCE Inc. Series AI                       05534B711   BCE.PR.I    4.65       
---------------------------------------- ----------- ----------- -----------
BCE Inc. Series AC                       05534B786   BCE.PR.C    5.54       
---------------------------------------- ----------- ----------- -----------
BCE Inc. Series R                        05534B703   BCE.PR.R    6.174      
---------------------------------------- ----------- ----------- -----------
BCE Inc. Series AF                       05534B745   BCE.PR.F    4.40       
---------------------------------------- ----------- ----------- -----------
BCE Inc. Series T                        05534B810   BCE.PR.T    4.502      
---------------------------------------- ----------- ----------- -----------
BCE Inc. Series Z                        05534B828   BCE.PR.Z    4.331      
---------------------------------------- ----------- ----------- -----------
BCE Inc. Series AG                       05534B737   BCE.PR.G    4.35       
---------------------------------------- ----------- ----------- -----------
Bombardier Inc. Series 3                 097751606   BBD.PR.D    5.476      
---------------------------------------- ----------- ----------- -----------
Bombardier Inc. Series 4                 097751705   BBD.PR.C    6.25       
---------------------------------------- ----------- ----------- -----------
Brookfield Asset Management Inc. Series  112585120   BAM.PR.P    7.00       
 22                                                                         
---------------------------------------- ----------- ----------- -----------
Brookfield Asset Management Inc. Series  112585823   BAM.PR.N    4.75       
 18                                                                         
---------------------------------------- ----------- ----------- -----------
Brookfield Asset Management Inc. Series  112585831   BAM.PR.M    4.75       
 17                                                                         
---------------------------------------- ----------- ----------- -----------
Brookfield Asset Management Inc. Series  112585609   BAM.PR.G    5.63       
 9                                                                          
---------------------------------------- ----------- ----------- -----------
Brookfield Asset Management Inc. Series  112585708   BAM.PR.H    5.75       
 10                                                                         
---------------------------------------- ----------- ----------- -----------
Brookfield Asset Management Inc. Series  112585880   BAM.PR.J    5.40       
 12                                                                         
---------------------------------------- ----------- ----------- -----------
Brookfield Asset Management Inc. Series  112585807   BAM.PR.I    5.50       
 11                                                                         
---------------------------------------- ----------- ----------- -----------
Brookfield Investments Corporation       112741202   BRN.PR.A    4.70       
 Series A                                                                   
---------------------------------------- ----------- ----------- -----------
Brookfield Properties Corporation Series 112900808   BPO.PR.H    5.75       
 H                                                                          
---------------------------------------- ----------- ----------- -----------
Brookfield Properties Corporation Series 112900600   BPO.PR.F    6.00       
 F                                                                          
---------------------------------------- ----------- ----------- -----------
Brookfield Properties Corporation Series 112900709   BPO.PR.U    5.25       
 G                                                                          
---------------------------------------- ----------- ----------- -----------
Brookfield Properties Corporation Series 112900865   BPO.PR.K    5.20       
 K                                                                          
---------------------------------------- ----------- ----------- -----------
Brookfield Properties Corporation Series 112900873   BPO.PR.J    5.00       
 J                                                                          
---------------------------------------- ----------- ----------- -----------
Brookfield Properties Corporation Series 112900881   BPO.PR.I    5.20       
 I                                                                          
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069556   CM.PR.H     4.80       
 Series 30                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069564   CM.PR.G     5.40       
 Series 29                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069648   CM.PR.A     5.30       
 Series 23                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069481   CM.PR.L     6.50       
 Series 35                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069465   CM.PR.M     6.50       
 Series 37                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069614   CM.PR.D     5.75       
 Series 26                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069598   CM.PR.E     5.60       
 Series 27                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069549   CM.PR.I     4.70       
 Series 31                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069721   CM.PR.P     5.50       
 Series 18                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069531   CM.PR.J     4.50       
 Series 32                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Imperial Bank of Commerce       136069499   CM.PR.K     5.35       
 Series 33                                                                  
---------------------------------------- ----------- ----------- -----------
Canadian Utilities Limited Series W      136717865   CU.PR.A     5.80       
---------------------------------------- ----------- ----------- -----------
Canadian Utilities Limited Series X      136717717   CU.PR.B     6.00       
---------------------------------------- ----------- ----------- -----------
Dundee Corporation Series 2              264901703   DC.PR.B     6.75       
---------------------------------------- ----------- ----------- -----------
DundeeWealth Inc. Series 1               265312405   DW.PR.A     4.75       
---------------------------------------- ----------- ----------- -----------
Enbridge Inc. Series A                   29250N204   ENB.PR.A    5.50       
---------------------------------------- ----------- ----------- -----------
Fortis Inc. Series F                     349553867   FTS.PR.F    4.90       
---------------------------------------- ----------- ----------- -----------
Fortis Inc. Series G                     349553834   FTS.PR.G    5.25       
---------------------------------------- ----------- ----------- -----------
Fortis Inc. Series C                     349553404   FTS.PR.C    5.45       
---------------------------------------- ----------- ----------- -----------
George Weston Limited Series I           961148889   WN.PR.A     5.80       
---------------------------------------- ----------- ----------- -----------
George Weston Limited Series III         961148863   WN.PR.C     5.20       
---------------------------------------- ----------- ----------- -----------
George Weston Limited Series IV          961148855   WN.PR.D     5.20       
---------------------------------------- ----------- ----------- -----------
George Weston Limited Series V           961148848   WN.PR.E     4.75       
---------------------------------------- ----------- ----------- -----------
Great-West Lifeco Inc. Series F          39138C809   GWO.PR.F    5.90       
---------------------------------------- ----------- ----------- -----------
Great-West Lifeco Inc. Series H          39138C874   GWO.PR.H    4.85       
---------------------------------------- ----------- ----------- -----------
Great-West Lifeco Inc. Series G          39138C882   GWO.PR.G    5.20       
---------------------------------------- ----------- ----------- -----------
Great-West Lifeco Inc. Series I          39138C866   GWO.PR.I    4.50       
---------------------------------------- ----------- ----------- -----------
Great-West Lifeco Inc. Series J          39138C858   GWO.PR.J    6.00       
---------------------------------------- ----------- ----------- -----------
HSBC Bank Canada Series E                40427H806   HSB.PR.E    6.60       
---------------------------------------- ----------- ----------- -----------
Industrial Alliance Insurance and        455870402   IAG.PR.C    6.20       
 Financial Services Inc. Series C                                           
---------------------------------------- ----------- ----------- -----------
Industrial Alliance Insurance and        455871301   IAG.PR.A    4.60       
 Financial Services Inc. Series A                                           
---------------------------------------- ----------- ----------- -----------
Loblaw Companies Limited Series A        539481606   L.PR.A      5.95       
---------------------------------------- ----------- ----------- -----------
Manulife Financial Corporation Class A   56501R403   MFC.PR.B    4.65       
 Series 2                                                                   
---------------------------------------- ----------- ----------- -----------
Manulife Financial Corporation Class A   56501R809   MFC.PR.D    6.60       
 Series 4                                                                   
---------------------------------------- ----------- ----------- -----------
Manulife Financial Corporation Class A   56501R502   MFC.PR.C    4.50       
 Series 3                                                                   
---------------------------------------- ----------- ----------- -----------
Manulife Financial Corporation Class 1   56501R874   MFC.PR.E    5.60       
 Series 1                                                                   
---------------------------------------- ----------- ----------- -----------
National Bank of Canada Series 26        633067350   NA.PR.P     6.60       
---------------------------------------- ----------- ----------- -----------
National Bank of Canada Series 24        633067368   NA.PR.O     6.60       
---------------------------------------- ----------- ----------- -----------
National Bank of Canada Series 20        633067418   NA.PR.M     6.00       
---------------------------------------- ----------- ----------- -----------
National Bank of Canada Series 15        633067715   NA.PR.K     5.85       
---------------------------------------- ----------- ----------- -----------
National Bank of Canada Series 16        633067517   NA.PR.L     4.85       
---------------------------------------- ----------- ----------- -----------
National Bank of Canada Series 21        633067392   NA.PR.N     5.375      
---------------------------------------- ----------- ----------- -----------
Nexen Inc.                               65334H508   NXY.PRU     7.35       
---------------------------------------- ----------- ----------- -----------
Nova Scotia Power Inc. Series D          669816803   NSI.PR.D    5.90       
---------------------------------------- ----------- ----------- -----------
Power Corporation of Canada Series C     739239879   POW.PR.C    5.80       
---------------------------------------- ----------- ----------- -----------
Power Corporation of Canada Series A     739239887   POW.PR.A    5.60       
---------------------------------------- ----------- ----------- -----------
Power Corporation of Canada Series B     739239804   POW.PR.B    5.35       
---------------------------------------- ----------- ----------- -----------
Power Corporation of Canada Series D     739239861   POW.PR.D    5.00       
---------------------------------------- ----------- ----------- -----------
Power Financial Corporation Series I     73927C845   PWF.PR.I    6.00       
---------------------------------------- ----------- ----------- -----------
Power Financial Corporation Series F     73927C878   PWF.PR.G    5.90       
---------------------------------------- ----------- ----------- -----------
Power Financial Corporation Series H     73927C860   PWF.PR.H    5.75       
---------------------------------------- ----------- ----------- -----------
Power Financial Corporation Series L     73927C829   PWF.PR.L    5.10       
---------------------------------------- ----------- ----------- -----------
Power Financial Corporation Series K     73927C837   PWF.PR.K    4.95       
---------------------------------------- ----------- ----------- -----------
Power Financial Corporation Series D     73927C803   PWF.PR.E    5.50       
---------------------------------------- ----------- ----------- -----------
Power Financial Corporation Series E     73927C886   PWF.PR.F    5.25       
---------------------------------------- ----------- ----------- -----------
Power Financial Corporation Series M     73927C811   PWF.PR.M    6.00       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AA           780085445   RY.PR.A     4.45       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series W            780085502   RY.PR.W     4.90       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AR           780086708   RY.PR.R     6.25       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AN           780086302   RY.PR.N     6.25       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AV           780086856   RY.PR.X     6.25       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AT           780086872   RY.PR.T     6.25       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AP           780086500   RY.PR.P     6.25       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AX           780086815   RY.PR.Y     6.10       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AH           78010A630   RY.PR.H     5.65       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AE           780102760   RY.PR.E     4.50       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AC           780102604   RY.PR.C     4.60       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AG           780102554   RY.PR.G     4.50       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AB           780085247   RY.PR.B     4.70       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AD           780102844   RY.PR.D     4.50       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series AF           780102653   RY.PR.F     4.45       
---------------------------------------- ----------- ----------- -----------
Royal Bank of Canada Series Al           78010A333   RY.PR.L     5.60       
---------------------------------------- ----------- ----------- -----------
Sun Life Financial Inc. Series 5         866796600   SLF.PR.E    4.50       
---------------------------------------- ----------- ----------- -----------
Sun Life Financial Inc. Series 1         866796204   SLF.PR.A    4.75       
---------------------------------------- ----------- ----------- -----------
Sun Life Financial Inc. Series 2         866796303   SLF.PR.B    4.80       
---------------------------------------- ----------- ----------- -----------
Sun Life Financial Inc. Series 4         866796501   SLF.PR.D    4.45       
---------------------------------------- ----------- ----------- -----------
Sun Life Financial Inc. Series 3         866796402   SLF.PR.C    4.45       
---------------------------------------- ----------- ----------- -----------
Sun Life Financial Inc. Series 6R        866796709   SLF.PR.F    6.00       
---------------------------------------- ----------- ----------- -----------
The Toronto-Dominion Bank Series AE      891145831   TD.PR.E     6.25       
---------------------------------------- ----------- ----------- -----------
The Toronto-Dominion Bank Series AG      891145799   TD.PR.G     6.25       
---------------------------------------- ----------- ----------- -----------
The Toronto-Dominion Bank Series AK      891145740   TD.PR.K     6.25       
---------------------------------------- ----------- ----------- -----------
The Toronto-Dominion Bank Series AI      891145773   TD.PR.I     6.25       
---------------------------------------- ----------- ----------- -----------
The Toronto-Dominion Bank Series R       891145401   TD.PR.R     5.60       
---------------------------------------- ----------- ----------- -----------
The Toronto-Dominion Bank Series P       891145203   TD.PR.P     5.25       
---------------------------------------- ----------- ----------- -----------
The Toronto-Dominion Bank Series Q       891145302   TD.PR.Q     5.60       
---------------------------------------- ----------- ----------- -----------
The Toronto-Dominion Bank Series O       891160681   TD.PR.O     4.85       
---------------------------------------- ----------- ----------- -----------
The Toronto-Dominion Bank Series AC      891145864   TD.PR.C     5.60       
---------------------------------------- ----------- ----------- -----------
TransCanada PipeLines Limited Series Y   893526699   TCA.PR.Y    5.60       
---------------------------------------- ----------- ----------- -----------
TransCanada PipeLines Limited Series U   893526715   TCA.PR.X    5.60       
---------------------------------------- ----------- ----------- -----------
YPG Holdings Inc. Series 1               984246207   YPG.PR.A    4.25       
---------------------------------------- ----------- ----------- -----------
YPG Holdings Inc. Series 2               984246306   YPG.PR.B    5.00       
---------------------------------------- ----------- ----------- -----------

Equity Securities


--------------------------------------- ----------- ---------- ------------
                                                               Distribution
Issuer                                     CUSIP    TSX Symbol      (%)    
--------------------------------------- ----------- ---------- ------------
Bank of Montreal                        063671101   BMO        5.40        
--------------------------------------- ----------- ---------- ------------
Bank of Nova Scotia                     064149107   BNS        4.30        
--------------------------------------- ----------- ---------- ------------
Canadian Imperial Bank of Commerce      136069101   CM         5.50        
--------------------------------------- ----------- ---------- ------------
Laurentian Bank of Canada               51925D106   LB         3.60        
--------------------------------------- ----------- ---------- ------------
National Bank of Canada                 633067103   NA         4.30        
--------------------------------------- ----------- ---------- ------------
Royal Bank of Canada                    780087102   RY         3.80        
--------------------------------------- ----------- ---------- ------------
Toronto-Dominion Bank                   891160509   TD         3.90        
--------------------------------------- ----------- ---------- ------------
Ag Growth International Inc.            001181106   AFN        5.80        
--------------------------------------- ----------- ---------- ------------
Armtec Infrastructure Income Fund       041900101   ARF.UN     9.10        
--------------------------------------- ----------- ---------- ------------
Bird Construction Income Fund           090762105   BDT.UN     5.70        
--------------------------------------- ----------- ---------- ------------
Black Diamond Group Ltd.                09202D207   BDI        6.20        
--------------------------------------- ----------- ---------- ------------
CanWel Holdings Corporation             13874W105   CWX        10.20       
--------------------------------------- ----------- ---------- ------------
Chemtrade Logistics Income Fund         16387P103   CHE.UN     10.30       
--------------------------------------- ----------- ---------- ------------
Cineplex Galaxy Income Fund             172453102   CGX.UN     7.00        
--------------------------------------- ----------- ---------- ------------
CML Healthcare Income Fund              12582P105   CLC.UN     8.20        
--------------------------------------- ----------- ---------- ------------
GENIVAR Income Fund                     372301101   GNV.UN     5.70        
--------------------------------------- ----------- ---------- ------------
Groupe Aeroplan Inc.                    399453109   AER        4.60        
--------------------------------------- ----------- ---------- ------------
IBI Income Fund                         449213107   IBG.UN     10.20       
--------------------------------------- ----------- ---------- ------------
Jazz Air Income Fund                    47214X100   JAZ.UN     14.70       
--------------------------------------- ----------- ---------- ------------
Just Energy Income Fund                 48213T108   JE.UN      8.70        
--------------------------------------- ----------- ---------- ------------
Morneau Sobeco Income Fund              61767T101   MSI.UN     9.70        
--------------------------------------- ----------- ---------- ------------
New Flyer Industries Inc.               64438R306   NFI.UN     11.00       
--------------------------------------- ----------- ---------- ------------
Parkland Income Fund                    70137Q101   PKI.UN     10.30       
--------------------------------------- ----------- ---------- ------------
Superior Plus Corp.                     86828P103   SPB        11.90       
--------------------------------------- ----------- ---------- ------------
TransForce Inc.                         89366H103   TFI        4.90        
--------------------------------------- ----------- ---------- ------------
Westshore Terminals Income Fund         960911105   WTE.UN     11.20       
--------------------------------------- ----------- ---------- ------------
Yellow Pages Income Fund                985569102   YLO.UN     15.30       
--------------------------------------- ----------- ---------- ------------
BCE Inc.                                05534B760   BCE        6.10        
--------------------------------------- ----------- ---------- ------------
Bell Aliant Regional Communications     07786J103   BA.UN      11.50       
 Income Fund                                                               
--------------------------------------- ----------- ---------- ------------
Manitoba Telecom Services Inc.          563486109   MBT        8.30        
--------------------------------------- ----------- ---------- ------------
Rogers Communications Inc.              775109200   RCI.B      3.50        
--------------------------------------- ----------- ---------- ------------
Shaw Communications Inc.                82028K200   SJR.B      4.50        
--------------------------------------- ----------- ---------- ------------
TELUS Corporation                       87971M103   T          5.80        
--------------------------------------- ----------- ---------- ------------
AGF Management Limited                  001092105   AGF.B      6.10        
--------------------------------------- ----------- ---------- ------------
IGM Financial Inc.                      449586106   IGM        5.00        
--------------------------------------- ----------- ---------- ------------
TMX Group Inc.                          87261X108   X          5.30        
--------------------------------------- ----------- ---------- ------------
Great-West Lifeco Inc.                  39138C106   GWO        4.70        
--------------------------------------- ----------- ---------- ------------
Power Corporation of Canada             739239101   POW        4.20        
--------------------------------------- ----------- ---------- ------------
Power Financial Corporation             73927C100   PWF        4.60        
--------------------------------------- ----------- ---------- ------------
Sun Life Financial Inc.                 866796105   SLF        4.70        
--------------------------------------- ----------- ---------- ------------
Algonquin Power & Utilities Corp.       015857105   AQN        5.50        
--------------------------------------- ----------- ---------- ------------
AltaGas Income Trust                    021360102   ALA.UN     11.90       
--------------------------------------- ----------- ---------- ------------
Atlantic Power Corporation              04878Q863   ATP        9.10        
--------------------------------------- ----------- ---------- ------------
Boralex Power Income Fund               09951T106   BPT.UN     9.20        
--------------------------------------- ----------- ---------- ------------
Brookfield Renewable Power Fund         112834130   BRC.UN     6.30        
--------------------------------------- ----------- ---------- ------------
Capital Power Income L.P.               14042N100   CPA.UN     11.00       
--------------------------------------- ----------- ---------- ------------
Consumers' Waterheater Income Fund      210724100   CWI.UN     13.20       
 (The)                                                                     
--------------------------------------- ----------- ---------- ------------
Enbridge Income Fund                    29251D106   ENF.UN     9.40        
--------------------------------------- ----------- ---------- ------------
Fort Chicago Energy Partners L.P.       346921109   FCE.UN     9.90        
--------------------------------------- ----------- ---------- ------------
Gaz Metro Limited Partnership           36827K100   GZM.UN     7.70        
--------------------------------------- ----------- ---------- ------------
Innergex Power Income Fund              45771K107   IEF.UN     8.90        
--------------------------------------- ----------- ---------- ------------
Inter Pipeline Fund                     45833P102   IPL.UN     8.00        
--------------------------------------- ----------- ---------- ------------
Keyera Facilities Income Fund           493272108   KEY.UN     7.50        
--------------------------------------- ----------- ---------- ------------
Macquarie Power & Infrastructure Income 556084101   MPT.UN     10.60       
 Fund                                                                      
--------------------------------------- ----------- ---------- ------------
Northland Power Income Fund             666910104   NPI.UN     8.90        
--------------------------------------- ----------- ---------- ------------
Pembina Pipeline Income Fund            706329109   PIF.UN     8.80        
--------------------------------------- ----------- ---------- ------------
Allied Properties Real Estate           019456102   AP.UN      6.90        
 Investment Trust                                                          
--------------------------------------- ----------- ---------- ------------
Artis Real Estate Investment Trust      04315L105   AX.UN      9.50        
--------------------------------------- ----------- ---------- ------------
Boardwalk Real Estate Investment Trust  096631106   BEI.UN     4.60        
--------------------------------------- ----------- ---------- ------------
Brookfield Properties Corporation       112900105   BPO        4.40        
--------------------------------------- ----------- ---------- ------------
Calloway Real Estate Investment Trust   131253205   CWT.UN     8.00        
--------------------------------------- ----------- ---------- ------------
Canadian Apartment Properties Real      134921105   CAR.UN     7.40        
 Estate Investment Trust                                                   
--------------------------------------- ----------- ---------- ------------
Canadian Real Estate Investment Trust   13650J104   REF.UN     5.00        
--------------------------------------- ----------- ---------- ------------
Chartwell Seniors Housing Real Estate   16140U100   CSH.UN     7.30        
 Investment Trust                                                          
--------------------------------------- ----------- ---------- ------------
Cominar Real Estate Investment Trust    199910100   CUF.UN     7.70        
--------------------------------------- ----------- ---------- ------------
Crombie Real Estate Investment Trust    227107109   CRR.UN     7.80        
--------------------------------------- ----------- ---------- ------------
Dundee Real Estate Investment Trust     265270207   D.UN       8.80        
--------------------------------------- ----------- ---------- ------------
Extendicare Real Estate Investment      302251103   EXE.UN     9.20        
 Trust                                                                     
--------------------------------------- ----------- ---------- ------------
First Capital Realty Inc.               31943B100   FCR        5.90        
--------------------------------------- ----------- ---------- ------------
H & R Real Estate Investment Trust      404428203   HR.UN      4.40        
--------------------------------------- ----------- ---------- ------------
InnVest Real Estate Investment Trust    45771T108   INN.UN     8.60        
--------------------------------------- ----------- ---------- ------------
Morguard Real Estate Investment Trust   617914106   MRT.UN     6.60        
--------------------------------------- ----------- ---------- ------------
Northern Property Real Estate           665624102   NPR.UN     6.40        
 Investment Trust                                                          
--------------------------------------- ----------- ---------- ------------
Primaris Retail Real Estate Investment  74157U109   PMZ.UN     7.00        
 Trust                                                                     
--------------------------------------- ----------- ---------- ------------
RioCan Real Estate Investment Trust     766910103   REI.UN     7.20        
--------------------------------------- ----------- ---------- ------------
ARC Energy Trust                        001986108   AET.UN     5.90        
--------------------------------------- ----------- ---------- ------------
Baytex Energy Trust                     073176109   BTE.UN     7.20        
--------------------------------------- ----------- ---------- ------------
Bonavista Energy Trust                  098536105   BNP.UN     8.10        
--------------------------------------- ----------- ---------- ------------
Bonterra Energy Corp.                   098546104   BNE        6.30        
--------------------------------------- ----------- ---------- ------------
Canadian Oil Sands Trust                13642L100   COS.UN     5.00        
--------------------------------------- ----------- ---------- ------------
Crescent Point Energy Corp.             22576C101   CPG        7.20        
--------------------------------------- ----------- ---------- ------------
Daylight Resources Trust                239600109   DAY.UN     8.50        
--------------------------------------- ----------- ---------- ------------
Enerplus Resources Fund                 29274D604   ERF.UN     9.50        
--------------------------------------- ----------- ---------- ------------
Husky Energy Inc.                       448055103   HSE        4.40        
--------------------------------------- ----------- ---------- ------------
NAL Oil & Gas Trust                     628949109   NAE.UN     8.40        
--------------------------------------- ----------- ---------- ------------
Paramount Energy Trust                  699219101   PMT.UN     12.10       
--------------------------------------- ----------- ---------- ------------
Pengrowth Energy Trust                  706902509   PGF.UN     7.70        
--------------------------------------- ----------- ---------- ------------
Penn West Energy Trust                  707885109   PWT.UN     9.70        
--------------------------------------- ----------- ---------- ------------
Peyto Energy Trust                      717045108   PEY.UN     11.30       
--------------------------------------- ----------- ---------- ------------
Provident Energy Trust                  74386K104   PVE.UN     8.70        
--------------------------------------- ----------- ---------- ------------
Trilogy Energy Trust                    89619Y101   TET.UN     7.10        
--------------------------------------- ----------- ---------- ------------
Vermilion Energy Trust                  923728109   VET.UN     7.10        
--------------------------------------- ----------- ---------- ------------
Canadian Utilities Limited              136717832   CU         3.50        
--------------------------------------- ----------- ---------- ------------
Capital Power Corporation               14042M102   CPX        5.90        
--------------------------------------- ----------- ---------- ------------
Emera Incorporated                      290876101   EMA        4.60        
--------------------------------------- ----------- ---------- ------------
Enbridge Inc.                           29250N105   ENB        3.60        
--------------------------------------- ----------- ---------- ------------
Fortis Inc.                             349553107   FTS        4.10        
--------------------------------------- ----------- ---------- ------------
TransAlta Corporation                   89346D107   TA         5.20        
--------------------------------------- ----------- ---------- ------------
TransCanada Corporation                 89353D107   TRP        4.40        
--------------------------------------- ----------- ---------- ------------

The syndicate of agents for this offering is being led by CIBC World Markets Inc., National Bank Financial Inc. and RBC Capital Markets, and includes BMO Capital Markets, Scotia Capital Inc., TD Securities Inc., Dundee Securities Corporation, HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Canaccord Financial Ltd., GMP Securities L.P. and Macquarie Capital Markets Canada Ltd.

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