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First Asset Closed-End Funds January Distributions

January 22, 2014

TORONTO, ONTARIO --(Marketwired - Jan. 22, 2014 ) - First Asset Closed-End Funds announces the following distributions for the month ending January 31, 2014 . In all cases, the distribution will be paid on or before February 14, 2014 , to holders of record on January 31, 2014 . ---------------------------------------------------------------------------- Distribution TSX Amount Fund Name Symbol (per unit) ---------------------------------------------------------------------------- First Asset Yield Opportunity Trust - Series A FAY.UN $0.1458 ---------------------------------------------------------------------------- First Asset Yield Opportunity Trust - Series B FAY.U $0.044 (USD) ---------------------------------------------------------------------------- First Asset Canadian REIT Income Fund RIT.UN $0.05 ---------------------------------------------------------------------------- First Asset Pipes & Power Income Fund EWP.UN $0.03 ---------------------------------------------------------------------------- Utility Split Trust - Capital Units UST.UN $0.05 ---------------------------------------------------------------------------- Triax Diversified High-Yield Trust TRH.UN $0.07 ---------------------------------------------------------------------------- First Asset Canadian Dividend Opportunity Fund II DVF.UN $0.04167 ---------------------------------------------------------------------------- First Asset Morningstar U.S. Consumer Defensive Index Fund UCD.UN $0.0569 (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, 2014 will be 7.0% per annum on the closing net asset value of the Fund on December 31, 2013 of $9.75 per Unit ( $0.0569 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. For further information, please visit www.firstasset.com . FOR FURTHER INFORMATION PLEASE CONTACT: First Asset Investor Relations 416-642-1289 or 1-877-642-1289 www.firstasset.com Source: First Asset Closed-End Funds


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Source: Marketwire (Canada)


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