Communiqués de presse

First Asset Closed-End Funds January Distributions

TORONTO, January 21, 2015 – First Asset Closed-End Funds announces the following distributions for the month ending January 31, 2015. In all cases, the distribution will be paid on or before February 13, 2015, to holders of record on January 30, 2015.

Fund Name

TSX Symbol

Distribution Amount

(per unit)

First Asset Canadian REIT Income Fund



Utility Split Trust – Capital Units



Triax Diversified High-Yield Trust



First Asset Morningstar U.S. Consumer Defensive Index Fund


$0.0612  [Note 1]

Note 1. First Asset Morningstar U.S. Consumer Defensive Index Fund announces that the targeted distribution rate for the calendar year ending December 31, 2015, will be 7.0% per annum based on the closing net asset value of the Fund on December 31, 2014 of $10.49 per Unit ($0.0612 per unit per month). The annual distribution rate is determined pursuant to a formula which incorporates historical levels of distributions paid, the rate of inflation, and performance of the Fund, and will not be less than 4%, or more than 7% per annum based on the net asset value per Unit as at the end of the preceding calendar year.

First Asset - Smart SolutionsTM
First Asset is an independent investment firm, focused on providing smart, low cost solutions that address the real-world investment needs of Canadians - capital appreciation, income generation and risk mitigation. Rooted in strong fundamentals, First Asset’s smart solutions strive to deliver better risk-adjusted returns than the broad market while helping investors achieve their personal financial goals.

For further information, please contact Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit

This communication is intended for informational purposes only. Commissions, management fees and expenses all may be associated with investments funds. Please read the prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated. The funds are managed by First Asset Investment Management Inc.