First Asset Closed-End Funds

First Asset Closed-End Funds
First Asset

First Asset

January 22, 2014 07:00 ET

First Asset Closed-End Funds January Distributions

TORONTO, ONTARIO--(Marketwired - Jan. 22, 2014) - First Asset Closed-End Funds announces the following distributions for the month ending January 31, 2014. In all cases, the distribution will be paid on or before February 14, 2014, to holders of record on January 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 $0.044 (USD)
First Asset Canadian REIT Income Fund RIT.UN $0.05
First Asset Pipes & Power Income Fund EWP.UN $0.03
Utility Split Trust - Capital Units UST.UN $0.05
Triax Diversified High-Yield Trust TRH.UN $0.07
First Asset Canadian Dividend Opportunity Fund II DVF.UN $0.04167
First Asset Morningstar U.S. Consumer Defensive Index Fund UCD.UN $0.0569 [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, 2014 will be 7.0% per annum on the closing net asset value of the Fund on December 31, 2013 of $9.75 per Unit ($0.0569 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.

For further information, please visit www.firstasset.com.

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