First Asset Closed-End Funds September Distributions

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

TORONTO, Sept. 21, 2015 /CNW/- First Asset Closed-End Funds announces the following distributions for the month and quarter ending September 30, 2015.  In all cases, the distribution will be paid on or before October 15, 2015, to holders of record on September 30, 2015.

Name

TSX Symbol

Confirmed Regular

Distribution (per unit)

Utility Split Trust – Capital Units

UST.UN

$0.0500

Utility Split Trust – Preferred Shares

UST.PR.B

$0.13125

Triax Diversified High-Yield Trust

TRH.UN

$0.0700

First Asset Diversified Convertible Debenture Fund

DCD.UN

$0.3000

Preferred Share Investment Trust

PSF.UN

$0.1500

First Asset CanBanc Split Corp. – Preferred Shares

CBU.PR.A

$0.1625

Can-60 Income Corp.

CSY

$0.1625

Canadian Advantaged Convertibles Fund

ADC.UN

$0.1500

Can-Financials Income Corp.

FIC

$0.1500

North American Advantaged Convertibles Fund

NCD.UN

$0.1250

CanBanc 8 Income Corp.

CBF

$0.1500

First Asset Morningstar U.S. Consumer Defensive Index Fund

UCD.UN

$0.0612

1.

With respect to Preferred Share Investment Trust (TSX: PSF.UN), the Manager generally provides annual guidance as to the expected amount of the distribution for the coming year.  Rather than provide precise guidance at this time, the Manager will assess the amount of the distribution on a quarterly basis having regard to, among other things, the anticipated net cash flows, the net asset value and markets generally.  There can be no assurance that the amount will not vary from quarter to quarter, or that the Trust will make any distribution in any particular quarter.

First Asset - Smart SolutionsTM
First Asset is an independent investment firm, focused on providing smart, low cost solutions that address the real-world investment needs of Canadians - capital appreciation, income generation and risk mitigation. 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.

SOURCE First Asset

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

RELATED LINKS
http://www.firstasset.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890