First Defined Portfolio Management Co. Announces the Appointment of Fraser Howell to President

    TORONTO, Sept. 25 /CNW/ - Mr. Ron McAlister, Chief Executive Officer of
First Defined Portfolio Management Co. is pleased to announce the appointment
of Fraser Howell to President. Since joining the Company as Chief Financial
Officer, Fraser has drawn on his broad financial experience to gain a thorough
understanding of the business. Fraser is tasked with developing and driving
our strategy in Canada and will provide the leadership, direction and
oversight on all facets of our operations.

    The First Trust family of companies is respected across North America and
manages more than US $30 billion in assets on behalf of its clients. Since
1995, First Trust has operated in Canada through First Defined Portfolio
Management Co., and currently manages a number of funds through arrangements
with major Canadian and international financial institutions.

For further information:

For further information: First Defined Portfolio Management Co., (416)
865-8065 or 1-877-622-5552

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FT Portfolios Canada Co.

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