First Asset Closed-End Funds September Distributions

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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.

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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.

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