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FA Power Fund and First Asset PowerGen Fund Announce Distributions

TORONTO, ONTARIO--(Marketwire - July 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 July 31, 2007. The distributions will be paid on August 15, 2007 to unitholders of record on July 31, 2007.

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