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FA Power Fund and First Asset PowerGen Fund Announce Distributions

TORONTO, June 20, 2007 - FA Power Fund (TSX: PFA.UN) announces a distribution of $0.10 per unit per month ($1.20 per unit per annum) and First Asset PowerGen Fund (TSX: PGT.UN) announces a distribution of $0.12 per unit per month ($1.44 per unit per annum) for the month ending June 30, 2007. The distributions will be paid on July 13, 2007 to unitholders of record on June 29, 2007.

For further information, please contact Rob MacNiven, Investor Relations at 416-642-1289 or 1-877-642-1289 or visit www.firstassetfunds.com.