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.