First Asset Funds Inc. Announces July, 2007 Distributions
TORONTO, ONTARIO--(Marketwire - July 20, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending July 31, 2007. In all cases, the distribution will be paid on or before August 15, 2007 to unitholders of record on July 31, 2007.
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Name TSX Distribution TSX Annualized Pre-Tax
Symbol Amount Trading Yield (b) Interest
(per unit) Price (a) Equivalent
(c)
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MONTHLY
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First Asset Yield
Opportunity Trust FAY.UN $0.1458 $22.21 7.88% 9.24%
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Preferred Securities
Income Fund PFS.UN $0.12 $18.31 7.86% 11.27%
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Preferred Securities
Limited Duration CAD CAD
Fund - Series A PLD.UN $0.1042 $19.30 6.48% 9.28%
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Preferred Securities
Limited Duration USD USD
Fund - Series B PLD.U $0.0417 $7.76 6.45% 9.24%
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Global 45 Split Corp.
- Class A Shares GFV $0.10 $15.02 7.99% 11.45%
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First Asset Equal
Weight REIT
Income Fund RIT.UN $0.08 $13.20 7.27% 9.16%
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First Asset Pipes &
Power Income Fund EWP.UN $0.05833 $8.00 8.75% 10.27%
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First Asset/BlackRock
North American
Dividend
Achievers(TM) Trust BDA.UN $0.05 $9.52 6.30% 9.03%
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Payout Performers(R)
Income Fund PPF.UN $0.05 $9.60 6.25% 6.79%
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Split REIT
Opportunity Trust
- Capital Units SOT.UN $0.0875 $17.50 6.00% 8.60%
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Utility Split Trust
- Capital Units UST.UN $0.09688 $13.55 8.58% 12.30%
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(a) As at close on July 18, 2007. (b) Based on trading price as at July 18,
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.firstasset.com.