Press Releases

Can-60 Income Corp. Files Final Prospectus

TORONTO, September 16, 2010 - Can-60 Income Corp. (the "Company") announces that it has filed a final prospectus dated September 15, 2010 with the securities regulatory authorities of each of the Canadian provinces and territories for an initial public offering of up to 40 million non-voting equity shares (the "Shares") at a price of $10 per Share, for a maximum offering size of $400 million. The offering is scheduled to close on October 19, 2010. The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Shares under the symbol CSY, subject to the fulfillment of TSX requirements.

The Company was created to invest on an equal weight basis in a portfolio (the "Portfolio") of the securities of the issuers comprising the S&P/TSX 60 Index, from time to time (the "Portfolio Issuers"). The S&P/TSX 60 Index is comprised of 60 of the largest Canadian issuers listed on the Toronto Stock Exchange as measured by market capitalization. The Portfolio will initially be approximately equal weighted, and each month First Asset Investment Management Inc. (the "Manager" or "First Asset") will employ a covered call option writing program on approximately, and not more than, 25% of the securities of each Portfolio Issuer, in order to seek to earn attractive tax effective income from dividends, distributions and call option premiums, lower the overall volatility of returns associated with owning a portfolio of these securities, and to generate capital appreciation for holders of Shares of the Company (the "Shareholders").

The objectives of the Company are to provide Shareholders with:

  1. quarterly distributions;
  2. the opportunity for capital appreciation; and
  3. lower overall volatility of Portfolio returns than would be experienced by owning a portfolio of the securities of the issuers that comprise the S&P/TSX 60 Index.

The Company will not have a fixed distribution, but intends to set periodic distribution targets. Based on the Manager's current estimates, the initial distribution target for the Company is expected to be $0.1625 per quarter ($0.65 per annum to yield 6.5% on the subscription price of $10 per Share).

First Asset is a Canadian wealth management company that manages and administers approximately $1.7 billion in assets.

Prospective purchasers may purchase Shares 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 September 23, 2010 in the manner described in the final prospectus.


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                    Issuer                         CUSIP        TSX Symbol  
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Agnico-Eagle Mines Ltd.                          008474108         AEM      
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Agrium Inc.                                      008916108         AGU      
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ARC Energy Trust                                 001986108        AET.UN    
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Bank of Montreal                                 063671101         BMO      
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Bank of Nova Scotia (The)                        064149107         BNS      
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Barrick Gold Corporation                         067901108         ABX      
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BCE Inc.                                         05534B760         BCE      
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Biovail Corporation                              09067J109         BVF      
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Bombardier Inc.                                  097751200        BBD.B     
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Brookfield Asset Management Inc.                 112585104        BAM.A     
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Cameco Corporation                               13321L108         CCO      
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Canadian Imperial Bank Of Commerce               136069101          CM      
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Canadian National Railway Company                136375102         CNR      
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Canadian Natural Resources Limited               136385101         CNQ      
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Canadian Oil Sands Trust                         13642L100        COS.UN    
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Canadian Pacific Railway Limited                 13645T100          CP      
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Canadian Tire Corporation, Limited               136681202        CTC.A     
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Cenovus Energy Inc.                              15135U109         CVE      
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Eldorado Gold Corporation                        284902103         ELD      
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Enbridge Inc.                                    29250N105         ENB      
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EnCana Corporation                               292505104         ECA      
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Enerplus Resources Fund                          29274D604        ERF.UN    
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First Quantum Minerals Ltd.                      335934105          FM      
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Fortis Inc.                                      349553107         FTS      
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George Weston Limited                            961148509          WN      
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Gildan Activewear Inc.                           375916103         GIL      
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Goldcorp Inc.                                    380956409          G       
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Husky Energy Inc.                                448055103         HSE      
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IAMGOLD Corporation                              450913108         IMG      
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Imperial Oil Limited                             453038408         IMO      
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Inmet Mining Corporation                         457983104         IMN      
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iShares S&P/TSX 60 Index Fund                    46428D108         XIU      
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Kinross Gold Corporation                         496902404          K       
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Loblaw Companies Limited                         539481101          L       
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Magna International Inc.                         559222401         MG.A     
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Manulife Financial Corporation                   56501R106         MFC      
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Metro Inc.                                       59162N109        MRU.A     
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National Bank of Canada                          633067103          NA      
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Nexen Inc.                                       65334H102         NXY      
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Penn West Energy Trust                           707885109        PWT.UN    
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Potash Corporation of Saskatchewan Inc.          73755L107         POT      
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Power Corporation of Canada                      739239101         POW      
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Research In Motion Limited                       760975102         RIM      
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Rogers Communications Inc.                       775109200        RCI.B     
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Royal Bank of Canada                             780087102          RY      
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Saputo Inc.                                      802912105         SAP      
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Shaw Communications Inc.                         82028K200        SJR.B     
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Shoppers Drug Mart Corporation                   82509W103          SC      
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SNC-Lavalin Group Inc.                           78460T105         SNC      
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Sun Life Financial Inc.                          866796105         SLF      
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Suncor Energy Inc.                               867224107          SU      
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Talisman Energy Inc.                             87425E103         TLM      
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Teck Resources Limited                           878742204        TCK.B     
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TELUS Corporation                                87971M103          T       
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Thomson Reuters Corporation                      884903105         TRI      
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Tim Hortons Inc.                                 88706M103         THI      
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Toronto-Dominion Bank (The)                      891160509          TD      
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TransAlta Corporation                            89346D107          TA      
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TransCanada Corporation                          89353D107         TRP      
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Yamana Gold Inc.                                 98462Y100         YRI      
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Yellow Pages Income Fund                         985569102        YLO.UN    
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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., Canaccord Genuity Corp., GMP Securities L.P., HSBC Securities (Canada) Inc., Wellington West Capital Markets Inc., Macquarie Private Wealth Inc., Raymond James Ltd., Dundee Securities Corporation, and Mackie Research Capital Corporation.

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.

"S&P/TSX 60TM Index" is a trademark of The McGraw-Hill Companies, Inc. and has been licensed for use by the Company. The Company is not sponsored, endorsed, sold or promoted by Standard & Poor's or its third party licensors.