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First Asset PowerGen Fund Distribution Press Release

TORONTO, February 17, 2010 - First Asset PowerGen Fund (TSX: PGT.UN) announces a distribution of $0.07 per Unit for the month ending February 28, 2010. The distribution will be paid on or before March 12, 2010 to unitholders of record on February 26, 2010.

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