TORONTO, January 20, 2016 - First Asset Closed-End Funds announces the following distributions for the month ending January 31, 2016. In all cases, the distribution will be paid on or before February 12, 2016, to holders of record on January 29, 2016.
|Fund Name||TSX Symbol||Distribution Amount (per unit)|
|Utility Split Trust – Capital Units||UST.UN||$0.05|
|Triax Diversified High-Yield Trust||TRH.UN||$0.07|
|First Asset Morningstar U.S. Consumer Defensive Index Fund||UCD.UN||$0.0578 [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, 2016, will be 7.0% per annum based on the closing net asset value of the Fund on December 31, 2015 of $9.90 per Unit ($0.0578 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.
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