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FA Power Fund and First Asset PowerGen Fund Announce Distributions

TORONTO, ONTARIO (April 21, 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 April 30, 2008. The distributions will be paid on May 15, 2008 to unitholders of record on April 30, 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.