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Press release from Marketwire

Canadian Advantaged Convertibles Fund: Distribution Press Release

Tuesday, March 22, 2011

Canadian Advantaged Convertibles Fund: Distribution Press Release14:26 EDT Tuesday, March 22, 2011TORONTO, ONTARIO--(Marketwire - March 22, 2011) - Canadian Advantaged Convertibles Fund (TSX:ADC.UN) announces an initial quarterly distribution of $0.15 per Unit for the quarter ending March 31, 2011. The distribution will be paid on or before April 15, 2011 to unitholders of record on March 31, 2011. FOR FURTHER INFORMATION PLEASE CONTACT: Rob MacNivenFirst AssetInvestor Relations416-642-1289 or 1-877-642-1289www.firstasset.com