TMXgroup

January 13, 2010

Canadian Energy Convertible Debenture Fund - An application has been granted for the original listing in the Industrial category of up to 17,250,000 transferable units (the "Units") of Canadian Energy Convertible Debenture Fund (the "Fund") of which up to 15,000,000 Units will be issued and outstanding and up to 2,250,000 Units will be reserved for issuance upon completion of an initial public offering (the "Offering").

Listing of the Units will become effective at 5:01 p.m. on Thursday, January 14, 2010 in anticipation of the Offering closing on Friday, January 15, 2010. The Units, other than those which have not been distributed to the public, will be posted for trading at the opening on January 15, 2010.

Registration of interests in and transfers of, the Units will be made only through the book-entry only system of CDS. On the Closing Date, the Fund will deliver to CDS a certificate evidencing the aggregate number of Units subscribed for under the Offering. Units must be purchased and transferred only through a CDS Participant. All rights of an owner of Units must be exercised through, and all payments or other property to which such owner is entitled will be made or delivered by, CDS or the CDS Participant through which the owner holds such Units. Upon purchase of any Units, the owner will receive only the customary confirmation.

Additional information on the Units may be found in the final prospectus dated December 15, 2009 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "CFE.UN"
CUSIP: 13566X 10 6
Trading Currency: CDN

Designated Market Maker: Macquarie Capital Markets Canada Inc.

Other Markets: None

Head Office Address: First Asset Investment Management Inc.
95 Wellington Street West
Suite 1400
Toronto, Ontario
M5J 2N7

Website: www.firstassetfunds.com

Email Address: info@firstasset.com

Head Office Telephone Number: (416) 642-1289

Fax Number: (416) 362-2199

Investor Relations: Rob MacNiven
Phone: (416) 642-1289
Email: macniven@firstassetfunds.com

Chief Financial Officer: Karen Wagman

Incorporation: The Fund is an investment trust established under the laws of the Province of Ontario pursuant to the Declaration of Trust dated December 15, 2009.

Fiscal Year End: December 31

Nature of Business: The Fund has been created to invest in an actively-managed portfolio comprised primarily of Convertible Debentures of Canadian Energy Issuers.

Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal office in Toronto.

Manager: First Asset Investment Management Inc. is the manager, trustee and promoter of the Fund.

Distributions: The Fund intends to make monthly distributions to holders of Units of record on the last business day of each month. Distributions will be paid no later than the 15th business day following the end of the month for which the distribution is payable. The Fund will not have a fixed monthly distribution amount. The amount of monthly distributions will be based on the Manager's assessment of anticipated cash flow and the anticipated expenses of the Fund from time to time. Assuming the gross proceeds of the Offering are $75 million and fees and expenses are as described herein, the Portfolio would be required to generate an average annual total return of approximately 9.29% in order for the Fund to achieve its initial targeted monthly distributions for the Units.

Initial Public Offering: Pursuant to the terms of the Prospectus, a maximum of 17,250,000 Units at a price of $10 per Unit, are being offered to the public by CIBC World Markets Inc., National Bank Financial Inc., BMO Nesbitt Burns Inc., RBC Dominion Securities Inc., Scotia Capital Inc., TD Securities Inc., Dundee Securities Corporation, Raymond James Ltd., Canaccord Financial Ltd., GMP Securities L.P., HSBC Securities (Canada) Inc., Manulife Securities Incorporated and Wellington West Capital Markets Inc., as agents.