Pour diffusion

First Asset PowerGen Fund: Press Release

TORONTO, January 15, 2010 - First Asset PowerGen Fund (TSX: PGT.UN) announced today that further to its press release of November 23, 2009, the number of units tendered for redemption pursuant to the Annual Redemption exceeded the 10% limit and therefore those units tendered for redemption will be redeemed on a pro rata basis on January 30, 2010 in accordance with the policies and procedures of CDS and participating brokers and dealers resulting in approximately 26% of units tendered for redemption being redeemed.

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