First Asset Funds Inc. Announces October, 2007 Distributions
TORONTO, ONTARIO--(Oct. 22, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending October 31, 2007. In all cases, the distribution will be paid on or before November 15, 2007 to unitholders of record on October 31, 2007.
-------------------------------------------------------------------------- Name TSX Distribution TSX Annualized Pre-Tax Symbol Amount Trading Yield (b) Interest (per unit) Price (a) Equivalent (c) -------------------------------------------------------------------------- First Asset FAY.UN $ 0.1458 $ 22.66 7.72% 9.06% Yield Opportunity Trust -------------------------------------------------------------------------- Preferred PFS.UN $ 0.12 $ 18.25 7.89% 11.31% Securities Income Fund -------------------------------------------------------------------------- Preferred PLD.UN CAD CAD Securities $ 0.1042 $ 18.64 6.71% 9.61% Limited Duration Fund - Series A -------------------------------------------------------------------------- Preferred USD USD Securities PLD.U $ 0.0417 $ 7.51 6.66% 9.55% Limited Duration Fund - Series B -------------------------------------------------------------------------- Global 45 GFV $ 0.10 $ 15.29 7.85% 11.25% Split Corp. - Class A Shares -------------------------------------------------------------------------- First Asset RIT.UN $ 0.08 $ 12.81 7.49% 9.44% REIT Income Fund -------------------------------------------------------------------------- First Asset IGF.UN $ 0.05833 $ 8.55 8.19% 9.60% Income & Growth Fund -------------------------------------------------------------------------- First Asset EWP.UN $ 0.05833 $ 7.66 9.14% 10.72% Pipes & Power Income Fund -------------------------------------------------------------------------- First Asset BDA.UN $ 0.05 $ 9.59 6.26% 8.97% /BlackRock North American Dividend Achievers(TM) Trust -------------------------------------------------------------------------- Split REIT SOT.UN $ 0.0875 $ 17.05 6.16% 8.83% Opportunity Trust - Capital Units -------------------------------------------------------------------------- Utility UST.UN $ 0.09688 $ 13.00 8.94% 12.82% Split Trust - Capital Units -------------------------------------------------------------------------- (a) As at close on October 18, 2007. (b) Based on trading price as at October 18, 2007. (c) Estimated - based on Ontario tax rates.
For more information, please call Rob MacNiven (Investor Relations) at (416) 642-1289 or (877) 642-1289, or visit www.firstasset.com.