First Trust Portfolios Canada Announces the Appointment of Jeffrey Pike to
Senior Vice-President - Advisor Distribution

TORONTO , Nov. 26 /CNW/ - First Trust Portfolios Canada is pleased to announce the appointment of Jeffrey Pike as Senior Vice-President, Advisor Distribution.

Jeffrey brings over 23 years of financial services experience, specializing in the area of bringing innovative solutions to investment advisors. Throughout his career, Jeffrey has been able to introduce new ideas to the marketplace and work with both advisors and their firms.

Fraser Howell, President of First Defined Portfolio Management Co. comments "Jeffrey is a great addition to the First Trust team and we are thrilled to have Jeffrey aboard. He has a wealth of experience and he gets the distribution business. We needed someone to look at our strategic business direction and then translate that into a renewed product line. He also brings proven sales leadership."

"I am pleased to join such a unique firm," says Jeffrey. "I see it as a tremendous building opportunity. First Trust has developed a number of solutions and advisor relationships over 10 years - but the firm still has extraordinary potential to provide advisors from coast to coast with new mutual funds and other solutions that feel relevant for 2010 and beyond. The key for First Trust is to look around the corner to build upon our advisor solutions that will gain share in the years ahead."

Prior to joining First Trust, most recently Jeffrey was at SEI Canada for over 11 years building and leading a very successful advisor distribution platform.

The First Trust family of companies is respected across Canada and throughout the North American investment community for its reputation for excellence and execution. The firm manages more than US$24.2 billion in assets on behalf of its clients. First Trust, through its management company, First Defined Portfolio Management Co., manages a number of funds in Canada under licence arrangements with major Canadian and international financial institutions.

For further information: First Defined Portfolio Management Co., [phone] or 1-877-622-5552