TORONTO, ONTARIO--(Marketwire - Dec. 18, 2012) - 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.