First Asset CanBanc Split Corp. Confirms Special Distribution for Year-End 2015

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

TORONTO, Dec. 30, 2015 /CNW/ - First Asset CanBanc Split Corp. (CBU:TSX) (the "Fund") confirms the annual special distribution ("Special Distribution") for the year ending December 31, 2015, to be $0.14 per Class A Share payable to Class A shareholders of record on December 31, 2015.  The Special Distribution will be paid in cash on December 31, 2015, and as a result, the net asset value per unit of the Fund will decrease by an amount equal to the Special Distribution.

The actual taxable amounts of all distributions for 2015, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2016.

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First Asset is an investment firm focused on providing smart, low cost solutions that address the real-world investment needs of Canadians - capital appreciation, income generation and risk mitigation. Rooted in strong fundamentals, First Asset's smart solutions strive to deliver better risk-adjusted returns than the broad market while helping investors achieve their personal financial goals.

This communication is intended for informational purposes only. Commissions, management fees and expenses all may be associated with investments funds. Please read the prospectus before investing. The funds are not guaranteed, their values change frequently and past performance may not be repeated.

SOURCE First Asset

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