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Warrants Alert
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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
   by Andrew McHattie   Rating: ISBN-10: 027303751X

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Warrant Symbol - FPI.WT
Number Trading - 1,883,543
Expiration Date - March 31, 2010
Cusip - 335940 11 0
Exercise Price - $11.30

Warrants Called to Trade News:

First Premium to list warrants Nov. 17, 2009

2009-11-13 22:15 MT - Warrants Called to Trade
TSX bulletin 2009-1498
Holders of units (symbol: FPI.UN) of First Premium Income Trust of record as of the close of business on Nov. 19, 2009, will be issued warrants, on the basis of one transferable warrant for each unit held. Each whole warrant entitles the holder to purchase one unit at a price of $11.30 on or before 5 p.m. (Toronto time) on March 31, 2010.

The units of the fund will commence trading on an ex distribution basis at the opening on Nov. 17, 2009, at which time 1,883,543 warrants will be posted for trading on a when-issued basis, under the following trading information:

Symbol: FPI.WT
Cusip No.: 335940 11 0
Trading currency: Canadian
Designated market maker: Macquarie Capital Markets Ltd.
Other markets: None

Additional information on the warrant offering may be found in the fund's short-form prospectus dated Nov. 6, 2009, which is available at SEDAR. Capitalized terms used but not otherwise defined are as defined in the prospectus.

Warrants may be exercised at any time during the period commencing at market open (Toronto time) on Dec. 1, 2009, and ending at the expiry date. Warrants not exercised prior to the expiry date will be void and of no value.

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