First Asset Funds Inc. Announces June, 2006 Distributions
TORONTO, ONTARIO--(CCNMatthews - June 21, 2006) - First Asset Funds Inc. announces the following confirmed distributions for the month and quarter ending June 30, 2006. In all cases, the distribution will be paid on or before July 14, 2006 to unitholders of record on June 30, 2006.
| Name | TSX Symbol |
Distribution Amount (per unit) |
TSX trading price per (June 19/06) |
Annualized Yield(a) |
Pre-Tax Interest Equivalent(b) |
|---|---|---|---|---|---|
| MONTHLY | |||||
| First Asset Yield Opportunity | FAY.UN | $0.1458 | $23.00 | 7.61% | 8.92% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $18.89 | 7.62% | 10.92% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | $0.1042 | $19.60 | 6.38% | 9.14% |
| Preferred Securities Limited Duration - Series B | PLD.U | US $0.0417 |
US $7.61 |
6.58% | 9.42% |
| Global 45 Split Corp. - Class A | GFV | $0.10 | $11.50 | 10.43% | 14.95% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.0625 | $10.16 | 7.38% | 9.30% |
| First Asset Equal Weight Pipes & Power Income Fund | EWP.UN | $0.05833 | $8.10 | 8.64% | 10.14% |
| First Asset Equal Weight Small-Cap Income Fund | FAS.UN | $0.06042 | $7.90 | 9.18% | 11.56% |
| First Asset/BlackRock North American Dividend Achievers™ Trust | BDA.UN | $0.05 | $8.20 | 7.32% | 10.49% |
| Payout Performers™ Income Fund | PPF.UN | $0.05 | $8.60 | 6.98% | 8.49% |
| QUARTERLY | |||||
| Global 45 Split Corp. - Preferred Shares | GFV.PR.A | $0.13125 | $10.55 | 4.98% | 7.13% |
| (a) Based on trading price as at close on June 19, 2006 | (b) Estimated. Based on Ontario tax rates | ||||
For further information, please call Rob MacNiven, Investor Relations, First Asset Funds Inc. at 416-642-1289 or 1-877-642-1289, or visit www.firstassetfunds.com.