Ross Smith Capital Group L.P. acquires class A shares and preferred shares of
First Asset CanBanc Split Corp.

CALGARY, Nov. 23 /CNW/ - Ross Smith Capital Group L.P. ("Ross Smith Capital") announced that it has acquired 2,100 class A shares and 3,500 preferred shares of First Asset CanBanc Split Corp. ("CanBanc"). As a result of the acquisition of such shares, Ross Smith Capital owns 101,800 class A shares and 100,600 preferred shares, representing approximately 15.3% of the issued and outstanding class A shares of CanBanc and approximately 15.1% of the issued and outstanding preferred shares of CanBanc.

Ross Smith Capital acquired the securities through the facilities of the Toronto Stock Exchange for investment purposes only at an average price of $22.25 per class A share and $13.75 per preferred share and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over, class A shares, preferred shares or other securities of CanBanc through market transactions, private agreements or otherwise.

Ross Smith Capital Group L.P.
400, 407 8th Avenue SW
Calgary, Alberta
T2P 1E5

For further information:

please contact Weston Pring, Chief Investment Officer of Ross Smith Capital, at [phone].