TORONTO, Monday, December 7, 2009 - First Asset Income & Growth Fund (TSX: IGF.UN) (the "Fund") announces that the meeting of Unitholders called to consider the merger of the Fund with Criterion Global Dividend Fund (the "Criterion Fund") has been adjourned to Thursday, December 17, 2009.
If the Unitholders approve the merger at the adjourned meeting, the units of the Fund will be delisted as at the close of business on December 21, 2009 in order to facilitate the merger which is currently scheduled to occur on Wednesday, December 30, 2009. Assuming receipt of all required approvals, on that date, units of the Fund will be exchanged for Class D units of the Criterion Fund at an exchange ratio calculated based on the relative net asset value of each fund as at the close of business on Tuesday, December 29, 2009.
The former Unitholders of the Fund will not be required to take any action in order to be recognized as unitholders of the Criterion Fund following the merger.
For more information, please call Robert MacNiven (Investor Relations) at (416) 642-1289 or (877) 642-1289, or visit www.firstasset.com.