Press Releases

First Asset Income & Growth Fund: Press Release

TORONTO, January 6, 2009 - First Asset Income & Growth Fund (TSX: IGF.UN) (the "Fund") confirms the previously announced distribution of $0.0167 per Unit for the month ending December 31, 2008. The distribution will be paid on or before January 15, 2009 to unitholders of record on December 31, 2008.

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