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First Asset CanBanc Split Corp. Announces Distributions for 2012 Year-End

TORONTO, ONTARIO -- (Marketwire) -- 12/18/12 -- First Asset CanBanc Split Corp. (the "Fund") announces the following distributions:

1.  in respect of the Preferred Shares (TSX:CBU.PR.A), a distribution of
    $0.1625 per Preferred Share payable to Preferred Shareholders of record
    on December 31, 2012. The distribution will be paid on or before January
    15, 2013; and 
    
2.  in respect of the Class A Shares (TSX:CBU), a special distribution of
    $0.83 per Class A Share payable to Class A Shareholders of record on
    December 31, 2012. The distribution will be paid on December 31, 2012. 

For further information, please visit www.firstasset.com.

Contacts:
First Asset
Rob MacNiven
Investor Relations
416-642-1289 or 1-877-642-1289
www.firstasset.com

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