First Asset Funds Inc. Announces August, 2007 Distributions
TORONTO, ONTARIO--(Marketwire - Aug. 22, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending August 31, 2007. In all cases, the distribution will be paid on or before September 14, 2007 to unitholders of record on August 31, 2007.
---------------------------------------------------------------------------
Distrib-
ution
Amount TSX Annua- Pre-Tax
TSX (per Trading lized Interest
Name Symbol unit) Price (a) Yield (b) Equivalent (c)
---------------------------------------------------------------------------
First Asset Yield FAY.UN $0.1458 $20.50 8.53% 10.01%
Opportunity Trust
---------------------------------------------------------------------------
Preferred Securities
Income Fund PFS.UN $0.12 $17.20 8.37% 12.00%
---------------------------------------------------------------------------
Preferred Securities
Limited Duration CAD CAD
Fund - Series A PLD.UN $0.1042 $18.50 6.76% 9.69%
---------------------------------------------------------------------------
Preferred Securities
Limited Duration USD USD
Fund - Series B PLD.U $0.0417 $7.50 6.67% 9.56%
---------------------------------------------------------------------------
Global 45 Split Corp. GFV $0.10 $13.80 8.70% 12.46%
- Class A Shares
---------------------------------------------------------------------------
First Asset REIT
Income Fund RIT.UN $0.08 $12.39 7.75% 9.76%
---------------------------------------------------------------------------
First Asset
Pipes & Power
Income Fund EWP.UN $0.05833 $7.44 9.41% 11.04%
---------------------------------------------------------------------------
First Asset/BlackRock
North American
Dividend
Achievers(TM) Trust BDA.UN $0.05 $8.90 6.74% 9.66%
---------------------------------------------------------------------------
Payout Performers(R)
Income Fund (d) PPF.UN $0.05 $9.19 6.53% 7.09%
---------------------------------------------------------------------------
Split REIT
Opportunity
Trust - Capital
Units SOT.UN $0.0875 $15.50 6.77% 9.71%
---------------------------------------------------------------------------
Utility Split Trust
- Capital Units UST.UN $0.09688 $12.25 9.49% 13.60%
---------------------------------------------------------------------------
(a) As at close on August 20, 2007.
(b) Based on trading price as at August 20, 2007.
(c) Estimated - based on Ontario tax rates.
(d) Final distribution before merger into First Asset/BlackRock
North American Dividend Achievers(TM) Trust.
For more information, please call Rob MacNiven (Investor Relations) at (416) 642-1289 or (877) 642-1289, or visit www.firstasset.com.