First Asset Closed-End Funds November Distributions

/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES OF AMERICA./

TORONTO, Nov. 21, 2016 /CNW/ - First Asset Closed-End Funds announces the following distributions for the month ending November 30, 2016.  In all cases, the distribution will be paid on or before December 15, 2016, to holders of record on November 30, 2016.

Fund Name

TSX Symbol

Distribution Amount

(per unit)

Utility Split Trust – Capital Units

UST.UN

$0.051

Triax Diversified High-Yield Trust

TRH.UN

$0.072

First Asset Morningstar U.S. Consumer Defensive Index Fund

UCD.UN

$0.0578

  1. With respect to Utility Split Trust (TSX: UST.UN), this will be the fund's last distribution prior to its previously announced termination on January 3, 2017.   The Fund will not pay a regular monthly distribution in December 2016, but may pay a special distribution if required for tax purposes.
  2. With respect to Triax Diversified High-Yield Trust (TSX: TRH.UN), this will be the fund's last distribution prior to its previously announced termination on January 3, 2017.   The Fund will not pay a regular monthly distribution in December 2016, but may pay a special distribution if required for tax purposes.

First Asset - Smart SolutionsTM
First Asset, a CI Financial Company, is a Canadian investment firm delivering a comprehensive suite of smart ETF solutions. Rooted in strong fundamentals, First Asset's smart solutions strive to deliver better risk-adjusted returns than the broad market while helping investors achieve their personal financial goals.

This communication is intended for informational purposes only. You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. First Asset Funds are managed by First Asset Investment Management Inc., a subsidiary of First Asset Capital Corp. (FA Capital). TMFirst Asset and its logo are trademarks of FA Capital, a wholly owned subsidiary of CI Financial Corp. which is listed on the Toronto Stock Exchange under the symbol "CIX".  ®CI FINANCIAL is a registered trademark of CI Investment Inc., used under license.

SOURCE First Asset

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


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