Communiqués de presse

Preferred Share Investment Trust Announces Exercise of Over-Allotment Option

TORONTO, ONTARIO--(Marketwire - Dec. 5, 2011) - Preferred Share Investment Trust (the "Fund") (TSX:PSF.UN) announces that the Fund's syndicate of agents for its follow-on offering has exercised its over-allotment option and acquired an additional 721,000 units of the Fund. In total, the Fund issued 5,571,000 units pursuant to the offering, yielding gross proceeds of approximately $63.6 million.

The syndicate of agents for this offering was led by CIBC, co-led by BMO Capital Markets, National Bank Financial Inc. and RBC Capital Markets, and included Scotia Capital Inc., TD Securities Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Dundee Securities Ltd., Macquarie Private Wealth Inc. and Manulife Securities Incorporated.

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