First Asset Closed-End Funds January Distributions

TORONTO, Jan. 21, 2015 /CNW/ - First Asset Closed-End Funds announces the following distributions for the month ending January 31, 2015.  In all cases, the distribution will be paid on or before February 13, 2015, to holders of record on January 30, 2015.

Fund Name	TSX Symbol	Distribution Amount (per unit)
First Asset Canadian REIT Income Fund	RIT.UN	$0.05
Utility Split Trust – Capital Units	UST.UN	$0.05
Triax Diversified High-Yield Trust	TRH.UN	$0.07
First Asset Morningstar U.S. Consumer Defensive Index Fund	UCD.UN	$0.0612  [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, 2015,  will be 7.0% per annum based on the closing net asset value of the Fund on December 31, 2014 of $10.49 per Unit ($0.0612 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.  

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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. The funds are managed by First Asset Investment Management Inc.

SOURCE First Asset

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