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First Asset Yield Opportunity Trust: Distribution Press Release

TORONTO, September 21, 2009 - First Asset Yield Opportunity Trust (TSX: FAY.UN and FAY.U) announces a distribution of $0.1458 per Series A Unit, and US$0.0440 per Series B Unit, for the month ending September 30, 2009. The distributions will be paid on or before October 15, 2009 to unitholders of record on September 30, 2009.

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