First Asset Funds Inc. Announces May, 2005 Distributions
TORONTO, May 19, 2005 - First Asset Funds Inc. announces the following confirmed distributions for the month ending May 31, 2005. In all cases, the distribution will be paid on or before June 15, 2005 to unitholders of record on May 31, 2005.
| Fund /Trust | TSX Trading Symbol |
Distribution Amount (per unit) |
Distribution Amount Annualized |
TSX trading price per unit as at Mar 17/05 |
Annualized Yield based on trading price as at Mar 17/05) |
Pre-Tax Interest Equivalent (based on Ontario tax rates) |
|---|---|---|---|---|---|---|
| First Asset Yield Opportunity | FAY.UN | $0.1458 | $1.7496 | $23.65 | 7.40% | 10.60% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $1.44 | $21.05 | 6.84% | 9.80% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | $0.1146 | $1.3752 | $21.25 | 6.47% | 9.27% |
| Preferred Securities Limited Duration - Series B | PLD.U | US $0.0458 |
US $0.5496 |
US $8.40 |
6.54% | 9.38% |
| Global 45 Split Corp. - Class A | GFV | $0.10 | $1.20 | $12.35 | 9.72% | 13.92% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.0625 | $0.75 | $9.40 | 7.98% | 10.05% |
| First Asset Equal Weight Pipes & Power Income Fund | EWP.UN | $0.0583 | $0.6996 | $9.70 | 7.21% | 8.46% |
| First Asset Equal Weight Small-Cap Income Fund* | FAS.UN | $0.0803 | $0.8496 | $9.00 | 9.44% | 10.67% |
| * This initial distribution reflects the period from the closing (April 26, 2005) to May 31, 2005. | ||||||
For further information, please call Tanya Carey, Investor Relations, First Asset Funds Inc. at 416-642-1289 or 1-877-642-1289, or visit www.firstassetfunds.com.