First Asset Funds Inc. Announces June, 2005 Distributions
TORONTO, June 21, 2005 - First Asset Funds Inc. announces the following confirmed distributions for the month and quarter ending June 30, 2005. In all cases, the distribution will be paid on or before July 15, 2005 to unitholders of record on June 30, 2005.
| Name | TSX Symbol |
Distribution Amount (per unit) |
TSX trading price per (June 17/05) |
Annualized Yield* |
Pre-Tax Interest Equivalent** |
|---|---|---|---|---|---|
| MONTHLY | |||||
| First Asset Yield Opportunity | FAY.UN | $0.1458 | $24.00 | 7.29% | 10.45% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $21.46 | 6.71% | 9.62% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | $0.1146 | $21.68 | 6.34% | 9.09% |
| Preferred Securities Limited Duration - Series B | PLD.U | US $0.0458 |
US $8.55 |
6.43% | 9.21% |
| Global 45 Split Corp. - Class A | GFV | $0.10 | $12.82 | 9.36% | 13.41% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.0625 | $9.98 | 7.52% | 9.47% |
| First Asset Equal Weight Pipes & Power Income Fund | EWP.UN | $0.05833 | $9.50 | 7.37% | 8.64% |
| First Asset Equal Weight Small-Cap Income Fund | FAS.UN | $0.06681 | $9.20 | 8.71% | 9.85% |
| QUARTERLY | |||||
| Global 45 Split Corp. - Preferred Shares | GFV.PR.A | $0.13125 | $10.71 | 4.90% | 7.03% |
| * (Based on trading price as at June 17, 2005) | ** (Based on Ontario tax rates) | ||||
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.