TORONTO, Wednesday, December 30, 2009 - First Asset/BlackRock North American Dividend AchieversTM Trust (TSX: BDA.UN) ("BDA Fund") announces the completion of its merger with Criterion Global Dividend Fund ("Global Dividend").
Each issued and outstanding unit of BDA received 0.73904 Class D Units of Global Dividend in connection with the merger.
The exchange ratio was determined by dividing (i) the net asset value per unit of BDA Fund as at the close of business on December 29, 2009 (i.e. $5.86302 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).
For further information, please call Robert MacNiven, Investor Relations, First Asset, at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.