First Asset Funds Inc. Announces September, 2006 Distributions
TORONTO, September 20, 2006 - First Asset Funds Inc. announces the following confirmed distributions for the month and quarter ending September 30, 2006. In all cases, the distribution will be paid on or before October 13, 2006 to unitholders of record on September 29, 2006.
| Name | TSX Symbol |
Distribution Amount (per unit) |
TSX Trading Price (Sep. 18/06) |
Annualized Yield(a) |
Pre-Tax Interest Equivalent(b) |
|---|---|---|---|---|---|
| MONTHLY | |||||
| First Asset Yield Opportunity | FAY.UN | $0.1458 | $23.47 | 7.45% | 8.75% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $20.00 | 7.20% | 10.32% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | $0.1042 | $20.00 | 6.25% | 8.96% |
| Preferred Securities Limited Duration - Series B | PLD.U | US $0.0417 |
US $8.01 |
6.25% | 8.95% |
| Global 45 Split Corp. - Class A | GFV | $0.10 | $13.25 | 9.06% | 12.98% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.0625 | $11.88 | 6.31% | 7.95% |
| First Asset Pipes & Power Income Fund | EWP.UN | $0.05833 | $8.62 | 8.12% | 9.53% |
| First Asset/BlackRock North American Dividend AchieversTM Trust | BDA.UN | $0.05 | $9.21 | 6.51% | 9.34% |
| Payout PerformersTM Income Fund | PPF.UN | $0.05 | $9.10 | 6.59% | 8.02% |
| Split REIT Opportunity Trust - Capital Units | SOT.UN | $0.07813 | $14.00 | 6.70% | 9.60% |
| QUARTERLY | |||||
| Global 45 Split Corp. - Preferred Shares | GFV.PR.A | $0.13125 | $10.49 | 5.00% | 7.17% |
| Split REIT Opportunity Trust - Preferred Securities | SOT.PR.A | $0.14375 | $10.35 | 5.56% | 5.56% |
| (a) Based on trading price as at close on September 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.