Press Releases

First Asset ETFs June Distributions

TORONTO, June 18, 2014 First Asset Exchange Traded Funds announces the following distributions for the month and quarter ending June 30, 2014. In all cases, the distribution will be paid on or before July 4, 2014, to unitholders of record on June 27, 2014. The ex-dividend date in each case is June 25, 2014.


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                                               Trading   Distribution Amount
                                                Symbol            (per unit)
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First Asset Can-60 Covered Call ETF                LXF $              0.1429
                                            --------------------------------
                                                 LXF.A $              0.1264
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First Asset Can-Financials Covered Call ETF        FXF $              0.1446
                                            --------------------------------
                                                 FXF.A $              0.1215
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First Asset Can-Energy Covered Call ETF            OXF $              0.1351
                                            --------------------------------
                                                 OXF.A $              0.1207
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First Asset Can-Materials Covered Call ETF         MXF $              0.1078
                                            --------------------------------
                                                 MXF.A $              0.0971
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First Asset Tech Giants Covered Call ETF           TXF $              0.1779
                                            --------------------------------
                                                 TXF.A $              0.1537
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First Asset Canadian Convertible Bond ETF          CXF $              0.0409
                                            --------------------------------
                                                 CXF.A $              0.0341
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First Asset Morningstar Canada Dividend                                     
 Target 30 Index ETF                               DXM $              0.0942
                                            --------------------------------
                                                 DXM.A $              0.0710
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First Asset Morningstar National Bank Quebec                                
 Index ETF                                         QXM $              0.0547
                                            --------------------------------
                                                 QXM.A $              0.0230
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First Asset Morningstar US Dividend Target                                  
 50 Index ETF                                      UXM $              0.0817
                                            --------------------------------
                                                 UXM.A $              0.0554
                                            --------------------------------
                                                 UXM.B $              0.0743
                                            --------------------------------
                                                 UXM.D $              0.0506
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First Asset Morningstar Canada Value Index                                  
 ETF                                               FXM $              0.0651
                                            --------------------------------
                                                 FXM.A $              0.0334
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First Asset Morningstar Canada Momentum                                     
 Index ETF                                         WXM $              0.0327
                                            --------------------------------
                                                 WXM.A $              0.0016
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First Asset All Canada Bond Barbell Index                                   
 ETF                                               AXF $              0.0295
                                            --------------------------------
                                                 AXF.A $              0.0249
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First Asset Corporate Bond Barbell Index ETF       KXF $              0.0316
                                            --------------------------------
                                                 KXF.A $              0.0269
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First Asset Government Bond Barbell Index                                   
 ETF                                               GXF $              0.0236
                                            --------------------------------
                                                 GXF.A $              0.0193
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First Asset Morningstar Emerging Markets                                    
 Composite Bond Index ETF                          EXM $              0.0399
                                            --------------------------------
                                                 EXM.A $              0.0357
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First Asset Provincial Bond Index ETF              PXF $              0.0317
                                            --------------------------------
                                                 PXF.A $              0.0271
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First Asset 1-5 Year Laddered Government                                    
 Strip Bond Index ETF                              BXF $              0.0438
                                            --------------------------------
                                                 BXF.A $              0.0295
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First Asset Morningstar US Value Index ETF         XXM $              0.0194
                                            --------------------------------
                                                 XXM.A $              0.0000
                                            --------------------------------
                                                 XXM.B $              0.0203
                                            --------------------------------
                                                 XXM.D $              0.0000
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First Asset MSCI Europe Low Risk Weighted                                   
 ETF                                               RWE $ 0.1768 (See Note 1)
                                            --------------------------------
                                                 RWE.A $ 0.1073 (See Note 1)
                                            --------------------------------
                                                 RWE.B $ 0.1760 (See Note 1)
                                            --------------------------------
                                                 RWE.D $ 0.1068 (See Note 1)
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First Asset MSCI USA Low Risk Weighted ETF         RWU $ 0.0627 (See Note 1)
                                            --------------------------------
                                                 RWU.A $ 0.0276 (See Note 1)
                                            --------------------------------
                                                 RWU.B $ 0.0612 (See Note 1)
                                            --------------------------------
                                                 RWU.D $ 0.0269 (See Note 1)
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First Asset MSCI World Low Risk Weighted ETF       RWW $ 0.1682 (See Note 2)
                                            --------------------------------
                                                 RWW.A $ 0.1044 (See Note 2)
                                            --------------------------------
                                                 RWW.B $ 0.1673 (See Note 2)
                                            --------------------------------
                                                 RWW.D $ 0.1038 (See Note 2)
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First Asset MSCI Canada Low Risk Weighted                                   
 ETF                                               RWC $ 0.0948 (See Note 2)
                                            --------------------------------
                                                 RWC.A $ 0.0628 (See Note 2)
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Note 1 - Includes a pro-rated amount for the period from the ETFs' first day
of trading, February 5, 2014, to June 30, 2014.                             
Note 2 - Includes a pro-rated amount for the period from the ETFs' first day
of trading, February 12, 2014, to June 30, 2014.

All of the distributions indicated in the table above will be paid in cash unless the Unitholder has enrolled in the applicable DRIP of the respective ETF. Under the DRIP, any distributions made by an ETF are automatically used to purchase additional units of the ETF making the distribution. Eligible unitholders are encouraged to contact the institution through which they hold their units to confirm enrolment procedures and timelines. A copy of the Distribution Reinvestment Plan is available at www.firstasset.com.

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