TORONTO, ONTARIO--(CCNMatthews - Aug. 21, 2006) - First Asset Funds Inc. announces the following confirmed distributions for the month ending August 31, 2006. In all cases, the distribution will be paid on or before September 15, 2006 to unitholders of record on August 31, 2006.
First Asset Fund Inc. also announces that the August distribution will be the last distribution for First Asset Equal Weight Small-Cap Income Fund (the "Small-Cap Fund") prior to its scheduled merger with First Asset Equal Weight REIT Income Fund (the "REIT Fund"). As announced earlier this month, upon the merger the former unitholders of the Small-Cap Fund will become unitholders of the REIT Fund and in that capacity they will be eligible to receive any distribution announced by the REIT Fund for the month ended September 30, 2006, provided they are a unitholder of record of the REIT Fund on September 29, 2006.
|First Asset Yield Opportunity||FAY.UN||$0.1458||$23.00||7.61%||8.92%|
|Preferred Securities Income Fund||PFS.UN||$0.12||$19.70||7.31%||10.48%|
|Preferred Securities Limited Duration Fund - Series A||PLD.UN||$0.1042||$19.90||6.28%||9.00%|
|Preferred Securities Limited Duration - Series B||PLD.U||US
|Global 45 Split Corp. - Class A||GFV||$0.10||$12.70||9.45%||13.54%|
|First Asset Equal Weight REIT Income Fund||RIT.UN||$0.0625||$11.10||6.76%||8.51%|
|First Asset Pipes & Power Income Fund||EWP.UN||$0.05833||$8.59||8.15%||9.56%|
|First Asset Equal Weight Small-Cap Income Fund||FAS.UN||$0.06042||$8.28||8.76%||11.03%|
|First Asset/BlackRock North American Dividend Achievers Trust||BDA.UN||$0.05||$9.00||6.67%||9.55%|
|Payout Performers Income Fund||PPF.UN||$0.05||$9.00||6.67%||9.55%|
|Split REIT Opportunity Trust - Capital Units||SOT.UN||$0.07813||$14.52||6.46%||9.25%|
|(a) Based on trading price as at close on August 18, 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.