First Asset Closed-End Funds January Distributions

/Not for dissemination to U.S. newswire services or for dissemination to the United States of America./

TORONTO, Jan. 20, 2016 /CNW/ - First Asset Closed-End Funds announces the following distributions for the month ending January 31, 2016. In all cases, the distribution will be paid on or before February 12, 2016, to holders of record on January 29, 2016.

Fund Name

TSX Symbol

Distribution Amount

(per unit)

Utility Split Trust – Capital Units



Triax Diversified High-Yield Trust



First Asset Morningstar U.S. Consumer Defensive Index Fund


$0.0578 [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, 2016, will be 7.0% per annum based on the closing net asset value of the Fund on December 31, 2015 of $9.90 per Unit ($0.0578 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.  

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

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