Press Releases

JFT Strategies Fund Files Final Prospectus

TORONTO, April 25, 2012 - First Asset Investment Management Inc. is pleased to announce that JFT Strategies Fund (the "Fund") has filed a final prospectus for its initial public offering of Class A Units and Class F Units (the "Units") for a total maximum offering size of up to $200 million. The offering is scheduled to close on May 18, 2012. The Toronto Stock Exchange ("TSX") has conditionally approved the listing of the Class A Units under the symbol of JFS.UN, subject to the fulfillment of TSX requirements. Class F Units are designated for fee-based and/or institutional accounts and will not be listed on a stock exchange, but are convertible into Class A Units on a monthly basis.

The Fund's investment objective is to maximize return on investment to holders of Units while seeking to mitigate market risk and volatility by investing in an actively managed portfolio (the "Portfolio") of long and short positions in any one or a combination of equities, debt securities or other securities.

The Portfolio will be managed by Timelo Investment Management Inc. Mr. Jean-Francois (JF) Tardif will be the lead portfolio manager responsible for the Portfolio. First Asset Investment Management Inc. is the investment fund manager of the Fund. First Asset is a Canadian wealth management company that manages and administers approximately $2.6 billion in assets.

The syndicate of agents for this offering is being led by CIBC, co-led by National Bank Financial Inc., RBC Capital Markets and TD Securities Inc., and includes Scotia Capital Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., DesJardins Securities Inc., Dundee Securities Ltd. and Macquarie Private Wealth Inc. 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.