First Asset CanBanc Split Corp. Confirms Final Redemption

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./

TORONTO, Jan. 18, 2016 /CNW/ - First Asset CanBanc Split Corp. (the "Fund") announces that the Fund completed the redemption of all of the issued and outstanding Preferred Shares and Class A Shares on January 15, 2016 (the "Redemption Date").

Each Preferred Share will receive $10.0268 per share, and each Class A Share will receive $30.1588 per share.  These proceeds will be paid on or before January 22, 2016 to the beneficial holders of such shares through CDS Clearing and Depository Services Inc. Shareholders need not take any action to receive the final redemption proceeds.

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SOURCE First Asset Close-End Funds

please call Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.