First Asset Pipes & Power Income Fund announces a share repurchase program. Under the bid, the fund will repurchase through the facilities of the TSX from time to time up to 307,178 units, representing approximately 10% of the public float and 5.15% of its issued and outstanding shares. All units repurchased pursuant to the bid will be held for resale. All the repurchases will be made in accordance with the rules and policies of the TSX. The company received approval from the Toronto Stock Exchange to commence the bid. The fund will not repurchase in any given 30-day period, in the aggregate, more than 119,347 units, representing approximately 2% of the issued and outstanding units. The bid will commence on March 26, 2014 and will expire on March 25, 2015. As of March 14, 2014, the fund had 3,071,786 units in public float and 5,967,381 units issued and outstanding.

First Asset Investment Management Inc. acted as the manager to First Asset Pipes.