An anonymous director reports

FIRST ASSET CLOSED-END FUNDS ANNOUNCE JANUARY 2018 DISTRIBUTIONS

First Asset Morningstar U.S. Consumer Defensive Index Fund has declared the distribution in the attached table for the month ending Jan. 31, 2018. The distribution will be paid on or before Feb. 15, 2018, to holders of record on Jan. 31, 2018.

  
Fund name                                                  TSX symbol Distribution amount (per unit)

First Asset Morningstar U.S. Consumer Defensive Index Fund     UCD.UN                       $0.0538 (1)


  

(1) The targeted distribution rate for the calendar year ending Dec. 31, 2018, will be 6.55 per cent per annum based on the closing net asset value of the fund on Dec. 31, 2017, of $9.86 per unit (5.38 cents 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 per cent, or more than 7 per cent per annum based on the net asset value per unit as at the end of the preceding calendar year.