Canadian REIT Income Fund Announces Completion of Merger and Confirms Distribution

Marketwired

TORONTO, ONTARIO--(Marketwired - Oct 2, 2013) - Canadian REIT Income Fund (TSX:RIU.UN) (the "Fund") announces the completion of its merger with First Asset REIT Income Fund. Each issued and outstanding unit of the Fund received 0.7811 Class A units (Initial Sales Charge) of First Asset REIT Income Fund in connection with the merger. The exchange ratio was determined by dividing (i) the net asset value per unit of the Fund as at the close of business on October 1, 2013 (i.e. $10.9184 per Unit) by (ii) the net asset value per Class A unit (Initial Sales Charge) of First Asset REIT Income Fund as at the close of business on October 1, 2013 (i.e. $13.9775 per Unit).

The Fund also announces that the estimated special distribution announced by the Fund on September 19, 2013 has been revised to $0.07 per unit (from $0.03 per unit). This distribution will be paid in cash on or about October 10, 2013 to unitholders of record on September 30, 2013.

Contact:
First Asset
Investor Relations
(416) 642-1289 or (877) 642-1289
www.firstasset.com

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