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FA Power Fund and First Asset PowerGen Fund Announce Distributions

TORONTO, March 19, 2008 - 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 March 31, 2008. The distributions will be paid on April 15, 2008 to unitholders of record on March 31, 2008.

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