TORONTO, ONTARIO--(CCNMatthews - Feb. 19, 2007) - Utility Split Trust (TSX:UST.UN) is pleased to announce an increase in its monthly distribution to $0.09688 per Capital Unit from $0.0906. On an annualized basis, this represents a yield of 8.8%, based on the most recent market price. The portfolio, now fully invested, is generating cash flows in excess of initial estimates. Since inception on November 16, 2006, the Trust's portfolio has increased from $14.00 per Capital Unit to $14.8112 (inclusive of all distributions), outpacing the S&P/TSX Utilities Index by over 1.2% over the three-month period.
The distribution for the month ending February 28, 2007 will be paid on March 15, 2007 to unitholders of record on February 28, 2007.
For further information, please contact Rob MacNiven, Investor Relations, First Asset Funds Inc. at 416-642-1289 or 1-877-642-1289, or visit www.firstassetfunds.com.