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JFT Strategies Fund Files Preliminary Prospectus

TORONTO, March 26, 2012 - First Asset Investment Management Inc. is pleased to announce that JFT Strategies Fund (the "Fund") has filed a preliminary prospectus dated March 22, 2012 with the securities regulatory authorities of all of the Canadian provinces and territories for an initial public offering of Class A units and Class F units at $10 per unit.

The Fund's investment objective is to maximize return on investment to holders of units while seeking to mitigate market risk and volatility by investing in an actively managed portfolio (the "Portfolio") of long and short positions in any one or a combination of equities, debt securities or other financial instruments.

The Portfolio will be actively managed by Timelo Investment Management Inc. Mr. Jean-Francois (JF) Tardif will be the lead portfolio manager responsible for the Portfolio. First Asset Investment Management Inc. is the investment fund manager of the Fund. First Asset is a Canadian wealth management company that manages and administers approximately $2.6 billion in assets.

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

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