Press Releases

Can-Financials Income Corp. Announces Exercise of Over-Allotment Option

TORONTO, March 16, 2011 - Can-Financials Income Corp. (the "Company") (TSX:FIC) announces that the Company's syndicate of agents for its initial public offering has exercised its over-allotment option and acquired an additional 379,000 shares of the Company. In total, the Company issued 9,379,000 shares pursuant to its initial public offering, yielding gross proceeds of $93,790,000. The shares are listed on the Toronto Stock Exchange under the symbol FIC.

The syndicate of agents for this offering was led by CIBC, National Bank Financial Inc. and RBC Capital Markets, and included BMO Capital Markets, Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., HSBC Securities (Canada) Inc., Raymond James Ltd., Wellington West Capital Markets Inc., Mackie Research Capital Corporation and Macquarie Private Wealth Inc.

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