December 30, 2009 – First Asset Income & Growth Fund (“IGF”) announced the completion of its merger with Criterion Global Dividend Fund (“Global Dividend”).

The merger was accomplished on a taxable basis for unitholders of IGF. Each issued and outstanding unit of IGF received 1.01086 Class D Units of the Global Dividend in connection with the merger.

The exchange ratio was determined by dividing (i) the net asset value per unit of Income & Growth as at the close of business on December 29, 2009 (i.e. $8.01943 per Unit) by (ii) net asset value per Class D unit of Global Dividend as at the close of business on December 29, 2009 (i.e. $7.93326 per Unit).