Press Releases

First Asset PowerGen Fund Announces Distribution

TORONTO, June 19, 2008 - First Asset PowerGen Fund (TSX: PGT.UN) announces a distribution of $0.12 per unit per month ($1.44 per unit per annum) for the month ending June 30, 2008. The distribution will be paid on July 15, 2008 to unitholders of record on June 30, 2008. Former unitholders of FA Power Fund who became unitholders of First Asset PowerGen Fund on June 18, 2008 will receive this distribution provided they are still holders on the record date.

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