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

TORONTO, ONTARIO--(Marketwire - Dec. 18, 2012) - First Asset CanBanc Split Corp. (the "Fund") announces the following distributions:

1.  in respect of the Preferred Shares CBU, 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 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.

FOR FURTHER INFORMATION PLEASE CONTACT:
First Asset
Rob MacNiven
Investor Relations
416-642-1289 or 1-877-642-1289
www.firstasset.com