Press Releases

First Asset Mutual Funds Announce Indicative Quarterly Distributions

Toronto, September 12, 2012 - First Asset Investment Management Inc. announces the targeted quarterly distribution amounts for the four funds list below for the following twelve month period ending September 30, 2013.


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Fund                                        Quarterly Distribution          
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First Asset Global Dividend Fund            $0.1375 per unit ($0.55 per unit
                                            per annum)                      
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First Asset Canadian Convertible Bond Fund  $0.15 per unit ($0.60 per unit  
                                            per annum)                      
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First Asset REIT Income Fund                $0.125 per unit ($0.50 per unit 
                                            per annum)                      
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First Asset Utility Plus Fund               $0.125 per unit ($0.50 per unit 
                                            per annum)                      
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Other funds in First Asset mutual fund family maintain their monthly distribution rates as follows:


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Fund                                        Monthly Distribution            
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First Asset Canadian Dividend Opportunity   $0.05 per unit ($0.60 per unit  
Fund                                        per annum)                      
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First Asset Canadian Convertible Debenture  $0.0625 per unit ($0.75 per unit
Fund                                        per annum)                      
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Notwithstanding this announcement, the amount of the distributions may vary from month to month or quarter to quarter, as the case may be, and there can be no assurance that the Fund will make any distributions in any particular month or quarter.

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