Communiqués de presse

First Asset Yield Opportunity Trust: Distribution Press Release

TORONTO, October 20, 2010 - First Asset Yield Opportunity Trust (TSX:FAY.UN)(TSX:FAY.U) announces a distribution of $0.1458 per Series A Unit, and US$0.0440 per Series B Unit, for the month ending October 31, 2010. The distributions will be paid on or before November 12, 2010 to unitholders of record on October 29, 2010.

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