Communiqués de presse

First Asset Yield Opportunity Trust: Distribution Press Release

TORONTO, November 18, 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 November 30, 2010. The distributions will be paid on or before December 15, 2010 to unitholders of record on November 30, 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