First Asset Funds Inc. Announces January, 2007 Distributions
TORONTO, ONTARIO--(CCNMatthews - Jan. 22, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending January 31, 2007. The monthly distribution in respect of First Asset Equal Weight REIT Income Fund, which consists of income and capital gains, will remain at $0.08. Split REIT Opportunity Trust is increasing its monthly distribution from $0.07813 per Capital Unit to $0.0875, consisting of income and capital gains. In all cases, the distribution will be paid on or before February 15, 2007 to unitholders of record on January 31, 2007.
| 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 | $23.80 | 7.35% | 8.62% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $20.15 | 7.15% | 10.24% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | CDN $0.1042 |
CDN $20.35 |
6.14% | 8.81% |
| 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 | $13.90 | 8.63% | 12.37% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.08 | $13.30 | 7.22% | 9.09% |
| First Asset Pipes & Power Income Fund | EWP.UN | $0.05833 | $7.78 | 9.00% | 10.56% |
| First Asset/BlackRock North American Dividend AchieversTM Trust | BDA.UN | $0.05 | $9.91 | 6.05% | 8.68% |
| Payout PerformersTM Income Fund | PPF.UN | $0.05 | $8.31 | 7.22% | 8.78% |
| Split REIT Opportunity Trust - Capital Units | SOT.UN | $0.0875 | $17.85 | 5.88% | 8.43% |
| Utility Split Trust - Capital Units | UST.UN | $0.0906 | $14.30 | 7.60% | 10.90% |
| (a) As at close on January 18, 2007. (c) Estimated. Based on Ontario tax rates. | (b) Based on trading price as at January 18, 2007. | ||||
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.