First Asset Fund Inc. Announces December, 2006 Estimated Distributions
TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) - First Asset Funds Inc. announces the following estimated distributions for the period ending December 31, 2006. For First Asset Equal Weight REIT Income Fund (TSX:RIT.UN), in addition to the regular monthly distribution, the Fund also announces an estimated special distribution of $0.17 per unit for a total of $0.25. In all cases, the distribution will be paid on or before January 15, 2007 to unitholders of record on December 29, 2006.
| Name | TSX Symbol |
Distribution Amount (per unit) |
TSX Trading Price(a) |
Annualized Yield(b) |
Pre-Tax Interest Equivalent(c) |
|---|---|---|---|---|---|
| First Asset Yield Opportunity | FAY.UN | $0.1458 | $24.00 | 7.29% | 8.55% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $20.03 | 7.19% | 10.30% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | CDN $0.1042 |
CDN $20.24 |
6.18% | 8.85% |
| Preferred Securities Limited Duration - Series B | PLD.U | US $0.0417 |
US $8.20 |
6.10% | 8.75% |
| Global 45 Split Corp. - Class A | GFV | $0.10 | $13.84 | 8.67% | 12.43% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.2500 | $12.93 | 7.52%(d) | 9.48% |
| First Asset Pipes & Power Income Fund | EWP.UN | $0.05833 | $7.36 | 9.51% | 11.16% |
| First Asset/BlackRock North American Dividend AchieversTM Trust | BDA.UN | $0.05 | $9.85 | 6.09% | 8.73% |
| Payout PerformersTM Income Fund | PPF.UN | $0.05 | $8.06 | 7.44% | 9.06% |
| Split REIT Opportunity Trust - Capital Units | SOT.UN | $0.07813 | $16.21 | 5.78% | 8.29% |
| Utility Split Trust - Capital Units | UST.UN | $0.0906 | $14.79 | 7.35% | 10.53% |
| Global 45 Split Corp. - Preferred Shares | GFV.PR.A | $0.13125 | $10.73 | 4.89% | 7.01% |
| Split REIT Opportunity Trust - Preferred Securities | SOT.PR.A | $0.14375 | $10.17 | 5.65% | 7.65% |
| Utility Split Trust - Preferred Securities | UST.PR.A | $0.0734(e) | $10.30 | 6.00% | 6.00% |
| (a) As at close on December 14, 2006 (c) Estimated. Based on Ontario tax rates. (e) Reflects interest from closing date (45 days). | (b) Based on trading price as at Dec 14, 2006 (d) Based on trailing 12-month distributions. | ||||
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.