First Asset Funds Inc. Announces August, 2005 Distributions
TORONTO, August 22, 2005 - First Asset Funds Inc. announces the following confirmed distributions for the month ending August 31, 2005. In all cases, the distribution will be paid on or before September 15, 2005 to unitholders of record on August 31, 2005.
| Name | TSX Symbol |
Distribution Amount (per unit) |
TSX trading price per (Aug. 18/05) |
Annualized Yield* |
Pre-Tax Interest Equivalent** |
|---|---|---|---|---|---|
| First Asset Yield Opportunity | FAY.UN | $0.1458 | $24.47 | 7.15% | 10.25% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $21.71 | 6.95% | 9.96% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | $0.1042 | $21.20 | 5.90% | 8.45% |
| Preferred Securities Limited Duration - Series B | PLD.U | US $0.0417 |
US $8.30 |
6.03% | 8.64% |
| Global 45 Split Corp. - Class A | GFV | $0.10 | $12.66 | 9.48% | 13.58% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.0625 | $10.37 | 7.23% | 9.11% |
| First Asset Equal Weight Pipes & Power Income Fund | EWP.UN | $0.05833 | $9.11 | 7.68% | 9.01% |
| First Asset Equal Weight Small-Cap Income Fund | FAS.UN | $0.06708 | $8.71 | 9.24% | 10.44% |
| * Based on trading price as at August 18, 2005 | ** Estimated. 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.