First Asset

First Asset
Income Trust Convertible Debenture Fund

Income Trust Convertible Debenture Fund

October 27, 2006 12:41 ET

Income Trust Convertible Debenture Fund Files Preliminary Prospectus

TORONTO, ONTARIO--(CCNMatthews - Oct. 27, 2006) - First Asset Funds Inc. is pleased to announce that a preliminary prospectus for Income Trust Convertible Debenture Fund (the "Fund") has been filed with the securities regulatory authorities of all the Canadian provinces for an initial public offering of trust units.

The Fund's investment objectives are to provide Unitholders with (i) quarterly cash distributions, and (ii) the opportunity for capital appreciation, by actively investing in a diversified portfolio comprised primarily of convertible debentures issued by income trusts. The investment advisor, First Asset Investment Management Inc., believes that income trust convertible debentures offer an attractive investment opportunity, providing relative security of principal, income and potential capital appreciation. Convertible debentures generally offer (i) security of principal through the obligation of the issuer to repay the principal amount in full at maturity, (ii) income from fixed coupons, and (iii) the potential for capital appreciation through the holder's right to convert their securities at a specified price into the underlying equity securities of the issuer.

Prospective purchasers may purchase trust units either by cash payment or by an exchange of freely tradeable convertible debentures of any of the Exchange Eligible Issuers listed in the following table:



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Exchange Eligible Issuer Convertible TSX Symbol CUSIP Number
Debenture
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Advantage Energy Income Fund 8.25% due AVN.DB.B 00762LAC5
February 1, 2009
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7.50% due AVN.DB.C 00762LAD3
October 1, 2009
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7.75% due AVN.DB.D 00762LAE1
December 1, 2011
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6.50% due AVN.DB.E 00762LAF8
June 30, 2010
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Alexis Nihon Real Estate 6.20% due AN.DB 015380AA6
Investment Trust June 30, 2014
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Algonquin Power Income Fund 6.65% due APF.DB 015910AA0
July 31, 2011
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Arctic Glacier Income Fund 6.50% due AG.DB 039675AA1
July 31, 2011
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Atlantic Power Corporation 6.25% due ATP.DB 04878QAH6
October 31, 2011
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Bonavista Energy Trust 6.75% due BNP.DB.A 098536AB1
June 30, 2010
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Canadian Hotel Income 6.00% due HOT.DB.A 135928AF6
Properties Real Estate November 30, 2014
Investment Trust
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Canetic Resources Trust 9.40% due CNE.DB.A 137513AA5
July 31, 2008
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6.50% due CNE.DB.B 137513AB3
July 31, 2010
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6.50% due CNE.DB.E 137513AH0
December 31, 2011
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Chemtrade Logistics Income 10.00% due CHE.DB 16387PAA1
Fund December 31, 2007
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Cineplex Galaxy Income Fund 6.00% due CGX.DB 172453AA0
December 31, 2012
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Clean Power Income Fund 6.75% due CLE.DB 18450KAA0
December 31, 2010
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Clearwater Seafoods Income 7.00% due CLR.DB 185384AA2
Fund December 31, 2010
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Cominar Real Estate Investment 6.30% due CUF.DB 199910AA8
Trust June 30, 2014
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Countryside Canada Power Inc. 6.25% due CSD.DB.U 22237QAB7
October 31, 2012
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Creststreet Power & Income 7.00% due CRS.DB 226294AA4
Fund LP March 15, 2010
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8.00% due CRS.DB.A 226294AB2
September 15, 2011
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Data Group Income Fund (The) 6.75% due DGI.DB 23768UAA5
December 31, 2011
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Daylight Energy Trust 8.50% due DAY.DB 239600AA7
December 1, 2009
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Dundee Real Estate Investment 6.50% due D.DB 265270AA6
Trust June 30, 2014
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5.70% due D.DB.A 265270AB4
March 31, 2015
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Eveready Income Fund 7.00% due EIS.DB 29976XAA4
June 30, 2011
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Firm Capital Mortgage 6.00% due FC.DB 318324AA8
Investment Trust June 30, 2013
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Fort Chicago Energy 6.75% due FCE.DB.B 346921AB5
Partners L.P. December 31, 2010
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Gateway Casinos Income Fund 5.35% due GCI.DB 36759MAA6
June 30, 2011
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Harvest Energy Trust 6.50% due HTE.DB.B 41752XAD3
December 31, 2010
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10.50% due HTE.DB.C 41752XAG6
January 31, 2008
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6.40% due HTE.DB.D 41752XAF8
October 31, 2012
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InnVest Real Estate 6.25% due INN.DB.A 45771TAB4
Investment Trust April 15, 2011
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6.00% due INN.DB.B 45771TAD0
May 31, 2013
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IPC US Real Estate 6.00% due IUR.DB.U 44981BAA4
Investment Trust November 30, 2014
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5.75% due IUR.DB.V 44981BAB2
September 30, 2012
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KIK Acquisition Company 6.50% due KCC.DB.U 48247WAA9
November 30, 2010
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Newport Partners Income Fund 7.50% due NPF.DB 65230PAA7
December 31, 2010
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Paramount Energy Trust 6.25% due PMT.DB.A 699219AC5
June 30, 2010
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6.25% due PMT.DB.B 699219AE1
April 30, 2011
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Pengrowth Energy Trust 6.50% due PGF.DB 706902AA1
December 31, 2010
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PrimeWest Energy Trust 7.50% due PWI.DB.A 741930AA9
September 30, 2009
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7.75% due PWI.DB.B 741930AB7
December 31, 2011
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Progress Energy Trust 6.75% due PGX.DB 74326TAA6
June 30, 2010
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6.25% due PGX.DB.A 74326TAB4
September 30, 2011
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Provident Energy Trust 6.50% due PVE.DB.C 74386KAD6
August 31, 2012
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6.50% due PVE.DB.D 74386KAE4
April 30, 2011
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Retrocom Mid-Market Real 7.50% due RMM.DB 761298AA6
Estate Investment Trust July 31, 2012
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Rogers Sugar Income Fund 6.00% due RSI.DB.A 774910AC7
June 29, 2012
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5.90% due RSI.DB.B 774910AE3
June 29, 2013
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Royal Host Real Estate 7.90% due RYL.DB.A 78029AAC4
Investment Trust April 30, 2009
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6.00% due RYL.DB.B 78029AAD2
October 31, 2015
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SFK Pulp Fund 7.00% due SFK.DB 784142AA9
December 31, 2011
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Sound Energy Trust 8.75% due SND.DB 83607XAA8
June 30, 2009
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Sunrise Senior Living Real 6.40% due SZR.DB 86770QAA7
Estate Investment Trust December 31, 2011
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Superior Plus Income Fund 8.00% due SPF.DB.A 867946AB1
November 1, 2008
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5.75% due SPF.DB.B 867946AD7
December 31, 2012
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5.85% due SPF.DB.C 867946AE5
October 31, 2015
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Taylor NGL Limited Partnership 5.85% due TAY.DB 877256AA5
September 10, 2010
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Thunder Energy Trust 7.25% due THY.DB 88604TAA9
April 30, 2011
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True Energy Trust 7.50% due TUI.DB 897839AA4
June 30, 2011
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Vault Energy Trust 8.00% due VNG.DB 92241AAA1
June 30, 2010
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7.20% due VNG.DB.A 92241AAB9
May 31, 2011
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Versacold Income Fund 8.50% due ICE.DB 92511PAA1
October 31, 2008
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6.25% due ICE.DB.A 92511PAC7
January 31, 2010
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7.00% due ICE.DB.B 92511PAD5
December 31, 2010
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6.75% due ICE.DB.C 92511PAG8
November 30, 2011
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Westfield Real Estate 6.25% due WFD.DB.C 960196AC7
Investment Trust May 31, 2013
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YPG Holdings Inc. 5.50% due YPG.DB 984246AC2
August 1, 2011
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The syndicate of agents for this offering is being led by CIBC World Markets Inc., National Bank Financial Inc. and Scotia Capital Inc., and includes BMO Nesbitt Burns Inc., TD Securities Inc., HSBC Securities (Canada) Inc., Dundee Securities Corporation, Canaccord Capital Corporation, Raymond James Ltd., Wellington West Capital Inc., Blackmont Capital Inc., Berkshire Securities Inc., Desjardins Securities Inc. and Research Capital Corporation.

Contact Information

  • First Asset Funds Inc.
    Rob MacNiven
    Investor Relations
    (416) 642-1289 or 1 (877) 642-1289
    Website: www.firstassetfunds.com