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First Asset PowerGen Fund: Distribution Press Release

TORONTO, August 20, 2009 - First Asset PowerGen Fund (TSX: PGT.UN) announces a distribution of $0.07 per Unit for the month ending August 31, 2009. The distribution will be paid on or before September 15, 2009 to unitholders of record on August 31, 2009.

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