First Defined Portfolio Management Co. announces that out-of-date information
was published regarding the Raymond James Canadian Focus Picks Portfolio (FTC
551)

TORONTO , Oct. 20 /CNW/ - Information printed in the article by Shirley Won , "Small cap funds emerging as winners", on page 14 of the Saturday October 19, 2009 edition of The Globe and Mail reported an out-of-date Management Expense Ratio (MER). The correct MER for the Raymond James Canadian Focus Picks Portfolio (FTC 551) is 2.84% for the fiscal year ending June 30, 2009 .

First Trust Portfolios Canada is the general brand name under which we create our investment products in Canada and the name we are generally known by with advisors and clients. Our business model enables retail investment distribution firms to provide unique and customized investment strategies for their investment advisors on a timely and cost effective basis. First Trust Portfolios Canada is headquartered in Toronto with sales and service capabilities across Canada . First Defined Portfolio Management Co is a privately owned company and an affiliate of First Trust Portfolios L.P. (FTP), a U.S. registered broker-dealer, and First Trust Advisors L.P., a U.S. registered investment advisor, both of which are located in Wheaton, Illinois, a suburb of Chicago .

First Trust is a well-respected global business with a history in the U.S. market since 1991 and in Canada since 1996. First Trust has over C$25 billion in assets under supervision or management. First Trust is the umbrella name used for the various businesses conducted in both Canada and the U.S.

For further information: First Trust Portfolios Canada at [phone] or 1-877-622-5552 or visit www.firsttrust.ca