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First Asset Yield Opportunity Trust Announces Distribution

February 18, 2004 - First Asset Yield Opportunity Trust (TSX: FAY.UN) announces a distribution for the month ending February 29, 2004 of $0.1458 per unit. The distribution will be paid on March 12, 2004 to unitholders of record on February 27, 2004.

For further information, please call First Asset Funds Inc. at (416) 642-1289 or 1-877-642-1289.