Communiqués de presse

FA Power Fund and First Asset PowerGen Fund Announce Distributions

TORONTO, May 22, 2007 - FA Power Fund (TSX: PFA.UN) announces a distribution of $0.10 per unit per month ($1.20 per unit per annum) and First Asset PowerGen Fund (TSX: PGT.UN) announces a distribution of $0.12 per unit per month ($1.44 per unit per annum) for the month ending May 31, 2007. The distributions will be paid on June 15, 2007 to unitholders of record on May 31, 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.


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