The Trust has been created to provide investors with exposure to a portfolio of securities of real estate investment trusts ("REITs") which First Asset Investment Management Inc., believes offer the best opportunity for stable monthly cash distributions and for capital appreciation from growth in the real estate sector and from consolidation and privatization activity in the REIT market.

The Trust's investment objectives with respect to the Preferred Securities are:

1. to provide, in priority to any distributions on Capital Units, fixed quarterly interest payments equal to 5.75% per annum on the $10 principal amount; and

2. to repay $10.00, on or about December 31, 2011, in priority to any return on the Capital Units.

The Preferred Securities have been provisionally rated P2 (low) by Dominion Bond Rating Service Limited.

The Trust's investment objectives with respect to the Capital Units are:

1. to pay tax efficient monthly distributions based on the distributions that the Trust receives on the Portfolio, and

2. to provide the opportunity to participate in the performance of the portfolio on a leveraged basis and to benefit from any increase in the distributions paid by REITs held in the portfolio. The initial Indicative Distribution Amount on the Capital Units is anticipated to be 6.25%.