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Split REIT Opportunity Trust Announces Increased Monthly Distribution

TORONTO, ONTARIO--(CCNMatthews - Jan. 22, 2007) - Split REIT Opportunity Trust (TSX:SOT.UN) announces an increase in its monthly distribution from $0.07813 per Capital Unit to $0.0875, consisting of income and capital gains. The distribution for the month ending January 31, 2007 will be paid on February 15, 2007 to unitholders of record on January 31, 2007.

For further information, please call Rob MacNiven, Investor Relations, First Asset Funds Inc. at 416-642-1289 or 1-877-642-1289 or visit www.firstassetfunds.com.