First Asset Canadian REIT Income Fund announces an Equity Buyback for 495,398 units, representing 10% of its public float and 7.44% of its issued and outstanding units.

First Asset Canadian REIT Income Fund announces a share repurchase program. Under the bid, the company will repurchase up to 495,398 units, representing 10% of its public float and 7.44% of its issued and outstanding units. All repurchases will be made through the facilities of the TSX in accordance with its rules and policies.

All securities repurchased pursuant to the bid will be cancelled. The corporation will not purchase in any given 30-day period, in the aggregate, more than 133,216 units, being 2% of the issued and outstanding units as of January 2, 2015. The Board of Directors of First Asset Investment Management Inc., the manager of the corporation, believes that such purchases are in the best interests of the corporation and are a desirable use of the corporation's funds.

The bid will expire on January 7, 2016. As of January 2, 2015, the company has 4,953,986 units in float and 6,660,806 units in issue.