Press Releases

First Asset Equal Weight REIT Income Fund Announces Correction to Net Asset Value Per Unit

TORONTO, December 1, 2006 - First Asset Equal Weight REIT Income Fund (TSX: RIT.UN) announced today that the net asset value per unit reported for Thursday, November 30, 2006 ($12.60) was incorrect. The correct net asset value per unit for Thursday, November 30, 2006 was $13.21.

For further information, please call Rob MacNiven, Investor Relations, First Asset Funds Inc. at 416-642-1289 or 1-877-642-1289 or visit www.firstassetfunds.com.