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FA Power Fund and First Asset PowerGen Fund Announce Distributions

TORONTO, ONTARIO--(Oct. 22, 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 October 31, 2007. The distributions will be paid on November 15, 2007 to unitholders of record on October 31, 2007.

For more information, please call Rob MacNiven (Investor Relations) at (416) 642-1289 or (877) 642-1289, or visit www.firstasset.com.