First Asset Funds Inc. Announces April, 2007 Distributions
TORONTO, ONTARIO--(CCNMatthews - April 19, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending April 30, 2007. In all cases, the distribution will be paid on or before May 15, 2007 to unitholders of record on April 30, 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 | $23.65 | 7.40% | 8.68% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $19.75 | 7.29% | 10.45% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | CDN $0.1042 |
CDN $20.15 |
6.21% | 8.89% |
| Preferred Securities Limited Duration - Series B | PLD.U | USD $0.0417 |
USD $8.00 |
6.26% | 8.96% |
| Global 45 Split Corp. - Class A Shares | GFV | $0.10 | $13.75 | 8.73% | 12.51% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.08 | $13.64 | 7.04% | 8.87% |
| First Asset Pipes & Power Income Fund | EWP.UN | $0.05833 | $7.70 | 9.09% | 10.67% |
| First Asset/BlackRock North American Dividend Achievers™ Trust | BDA.UN | $0.05 | $9.70 | 6.19% | 8.86% |
| Payout Performers® Income Fund | PPF.UN | $0.05 | $9.12 | 6.58% | 8.00% |
| Split REIT Opportunity Trust - Capital Units | SOT.UN | $0.0875 | $17.41 | 6.03% | 8.64% |
| Utility Split Trust - Capital Units | UST.UN | $0.09688 | $13.20 | 8.81% | 12.62% |
| (a) As at close on April 17, 2007 (b) Based on trading price as at April 17, 2007. (c) Estimated. Based on Ontario tax rates. | |||||
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.