First Asset Closed-End Funds October Distributions

TORONTO, Oct. 22, 2014 /CNW/ - First Asset Closed-End Funds announces the following distributions for the month ending October 31, 2014.  In all cases, the distribution will be paid on or before November 14, 2014, to holders of record on October 31, 2014.

Fund Name	TSX Symbol	Distribution Amount (per unit)
First Asset Yield Opportunity Trust - Series A	FAY.UN	$0.1458
First Asset Yield Opportunity Trust - Series B	FAY.U	$0.0440 (USD)
First Asset Canadian REIT Income Fund	RIT.UN	$0.0500
First Asset Pipes & Power Income Fund	EWP.UN	$0.0300
Utility Split Trust - Capital Units	UST.UN	$0.0500
Triax Diversified High-Yield Trust	TRH.UN	$0.0700
First Asset Morningstar U.S. Consumer Defensive Index Fund	UCD.UN	$0.0569

SOURCE: First Asset

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