Press Releases

First Asset Diversified Convertible Debenture Fund: Press Release

TORONTO, March 20, 2009 - First Asset Diversified Convertible Debenture Fund (TSX: DCD.UN) (the "Fund") announces a quarterly distribution of $0.30 per unit for the quarter ending March 31, 2009. The distribution will be paid on April 15, 2009 to unitholders of record on March 31, 2009.

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