TORONTO, ONTARIO--(Marketwired - May 2, 2013) - First Asset Morningstar U.S. Consumer Defensive Index Fund (the "Fund") (TSX:UCD.UN) announces that the syndicate of agents for the Fund's initial public offering has exercised the over-allotment option and acquired an additional 434,000 units of the Fund. In total, the Fund issued 4,434,000 units pursuant to its initial public offering at $10 per Unit, for gross proceeds of $44,340,000. The Fund's units are listed on the Toronto Stock Exchange under the symbol UCD.UN.

The syndicate of agents for this offering was led by CIBC, co-led by National Bank Financial Inc. and RBC Capital Markets, and included BMO Capital Markets, Scotiabank, TD Securities Inc., Raymond James Ltd., Canaccord Genuity Corp., GMP Securities L.P., Desjardins Securities Inc., Macquarie Private Wealth Inc., Dundee Securities Ltd. and Manulife Securities Incorporated.

For further information, visit [ www.firstasset.com ].

Morningstar® is a registered trademark of Morningstar, Inc. ("Morningstar"). Consumer Defensive Index™ is a trademark of Morningstar. These trademarks have been licensed for use for certain purposes by First Asset Investment Management Inc. The Fund's units are not in any way sponsored, endorsed, sold or promoted by Morningstar or any of its affiliates, and Morningstar makes no representation or warranty, express or implied, regarding the advisability of investing in securities generally or in the Fund particularly.

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