An anonymous director reports

FIRST ASSET CLOSED-END FUNDS APRIL DISTRIBUTIONS

First Asset Canadian REIT Income Fund and other First Asset closed-end funds have declared distributions for the month ending April 30, 2015. In all cases, the distribution will be paid on or before May 15, 2015, to holders of record on April 30, 2015.

                                                Distribution
                                           TSX        amount
Fund name                               symbol    (per unit)

First Asset Canadian REIT Income Fund   RIT.UN         $0.05                         
Utility Split Trust -- capital units    UST.UN         $0.05                         
Triax Diversified High-Yield Trust      TRH.UN         $0.07                         
First Asset Morningstar U.S. 
Consumer Defensive Index Fund           UCD.UN       $0.0612