Press Releases

Preferred Share Investment Trust: Distribution Press Release

TORONTO, June 18, 2010 - Preferred Share Investment Trust (the "Fund") (TSX: PSF.UN) announces a distribution of $0.175 per Unit for the quarter ending June 30, 2010. The distribution will be paid on or before July 15, 2010 to unitholders of record on June 30, 2010.

The Fund announces that the indicative quarterly distribution for the period starting in June 2010 and ending in March 2011 is $0.175 per unit per quarter.

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