Toronto, September 21, 2016 - First Asset Closed-End Funds announces the following distributions for the month and quarter ending September 30, 2016. In all cases, the distribution will be paid on or before October 14, 2016, to holders of record on September 30, 2016.
|Name||TSX Symbol||Confirmed Regular Distribution (per unit)|
|Utility Split Trust – Capital Units||UST.UN||$0.0500|
|Utility Split Trust – Preferred Shares||UST.PR.B||$0.13125|
|Triax Diversified High-Yield Trust||TRH.UN||$0.0700|
|Preferred Share Investment Trust||PSF.UN||$0.07501|
|First Asset Diversified Convertible Debenture Fund||DCD.UN||$0.3000|
|First Asset Canadian Convertibles Fund||ADC.UN||$0.1500|
|North American Advantaged Convertibles Fund||NCD.UN||$0.1250|
|First Asset Morningstar U.S. Consumer Defensive Index Fund||UCD.UN||$0.0578|
1. With respect to Preferred Share Investment Trust (TSX: PSF.UN), this will be the fund's last distribution prior to its previously announced merger into First Asset Preferred Share ETF (TSX:FPR). After the merger, former unitholders of this fund will receive regular monthly distributions as unitholders of FPR.
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For further information, please call Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.
This communication is intended for informational purposes only. You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. First Asset Funds are managed by First Asset Investment Management Inc., a subsidiary of First Asset Capital Corp. (FA Capital). TMFirst Asset and its logo are trademarks of FA Capital, a wholly owned subsidiary of CI Financial Corp. which is listed on the Toronto Stock Exchange under the symbol "CIX". ®CI FINANCIAL is a registered trademark of CI Investment Inc., used under license.
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