Press Releases

First Asset CanBanc Split Corp.: Distribution Press Release

TORONTO, March 22, 2010 - First Asset CanBanc Split Corp. (TSX: CBU.PR.A) announces a quarterly distribution of $0.1625 per Preferred Share for the quarter ending March 31, 2010. The distribution will be paid on or before April 15, 2010 to Preferred Shareholders of record on March 31, 2010.

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