Exchange Bulletin

First Asset Hamilton Capital European Bank Fund (EB.UN) To Trade On Toronto Stock Exchange


November 21, 2014

First Asset Hamilton Capital European Bank Fund (the "Fund") - An application has been granted for the original listing in the Industrial category of up to maximum of 11,500,000 transferable units ("Units"), of which up to 10,000,000 Units will be issued and outstanding, and up to 1,500,000 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, November 20, 2014, in anticipation of the Offering closing on Friday, November 21, 2014. The Units will be posted for trading at the opening on Friday, November 21, 2014, upon confirmation for closing of the Offering.

Registration of interests in and transfers of the Units will be made only through the Book-Entry Only System of CDS Clearing and Depository Services Inc. ("CDS"). Units must be purchased and transferred only through a CDS Participant. Upon purchase of any Units, the beneficial holders of Units (the "Unitholders) will receive only a customer confirmation from the registered dealer which is a CDS Participant and from or through which the Units are purchased.

Additional information on the Units may be found in the final prospectus dated October 29, 2014 (the "Prospectus"), which is available at www.SEDAR.com. Capitalized terms not otherwise defined are as defined in the Prospectus.

Stock Symbol: "EB.UN" CUSIP: 31863U 10 4 Trading Currency: CDN$



Temporary Market Maker: JitneyTrade Inc.
Other Markets: None
Head Office Address: 95 Wellington Street West
Suite 1400
Toronto, ON
M5J 2N7
Email: info@firstasset.com
Website: www.firstasset.com
Head Office Telephone Number: (416) 642-1289
Fax Number: (416) 362-2199
Investor Relations: Rohit Mehta
(416) 642-1289
rmehta@firstasset.com
Chief Financial Officer: Karen Wagman
Corporate Secretary: Z. Edward Akkawi
Incorporation: The Fund is a closed-ended investment fund established under the laws of the Province of Ontario pursuant to the Declaration of Trust dated October 29, 2014.
Manager of the Fund: First Asset Investment Management Inc.
Fiscal Year End: December 31
Nature of Business: The Fund has been created to invest in an actively managed portfolio comprised primarily of equity securities of European banks.
Transfer Agent & Registrar: Computershare Investor Services Inc. at its principal office in Toronto.
Distributions: It is not anticipated that the Fund will make any distributions other than special year-end distributions.

If in any taxation year, after any distributions, there would remain in the Fund additional net income or net realized capital gains, the Fund will be required to pay or make payable one or more special year-end distributions in such year of such portion of the remaining net income and net realized capital gains to Holders as is necessary to ensure that the Fund will not be liable for income tax on such amounts under Part I of the Tax Act (after taking into account all available deductions, credits and refunds). Such special distributions may be paid in the form of Units and/or cash. Any special distributions payable in Units will increase the aggregate adjusted cost base of a Holder's Units. Immediately after a pro rata distribution of Units to all Holders in satisfaction of any non-cash distribution, the number of outstanding Units will be consolidated such that each Holder will hold, after the consolidation, the same number of Units as the Holder held before the non-cash distribution, except in the case of a non-resident Holder to the extent tax was required to be withheld in respect of the distribution.
Initial Public Offering: Pursuant to the terms of the Prospectus, up to a maximum of 11,500,000 Units (including the overallotment option of 1,500,000 Units) at a price of $10.00 per Unit are being offered to the public by CIBC World Markets Inc., RBC Dominion Securities Inc., National Bank Financial Inc., TD Securities Inc., BMO Nesbitt Burns Inc., Scotia Capital Inc., Canaccord Genuity Corp., GMP Securities L.P., Raymond James Ltd., Desjardins Securities Inc. and Manulife Securities Incorporated, as agents, at a price of $10.00 per Unit.