TORONTO, ONTARIO--(Marketwire - Oct. 16, 2012) - First Asset Diversified Convertible Debenture Fund (the "Fund") (TSX:DCD.UN) announces that the Fund's treasury offering (the "Offering") of units (the "Units") has been priced at $17.62 per Unit. The closing of the Offering is expected to occur on or before October 31, 2012.