First Asset Funds Inc. Announces May, 2008 Distributions
TORONTO, ONTARIO -- (May 21, 2008) - First Asset Funds Inc. announces the following confirmed distributions for the month ending May 31, 2008. In all cases, the distribution will be paid on or before June 13, 2008 to unitholders of record on May 30, 2008.
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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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First Asset Yield FAY.UN $0.1458 $20.31 8.61% 12.35%
Opportunity Trust
- Series A
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First Asset Yield
Opportunity Trust FAY.U USD $6.30 8.38% 12.01%
- Series B $0.0440
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Global 45 Split
Corp. - Class A GFV $0.10 $12.90 9.30% 13.33%
Shares
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First Asset REIT
Income Fund RIT.UN $0.07 $10.75 7.81% 10.86%
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First Asset
Income & Growth IGF.UN $0.05833 $8.67 8.07% 10.87%
Fund
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First Asset Pipes
& Power EWP.UN $0.05833 $6.93 10.10% 12.73%
Income Fund
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First
Asset/BlackRock
North
American Dividend BDA.UN $0.05 $7.90 7.59% 10.88%
Achievers(TM)
Trust
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Split REIT
Opportunity SOT.UN $0.0875 $13.16 7.98% 11.43%
Trust - Capital
Units
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Utility Split
Trust - Capital UST.UN $0.09688 $10.62 10.95% 14.74%
Units
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(a) As at close on May 16, 2008. (b) Based on trading price as at
May 16, 2008.
(c) Estimated - based on Ontario tax rates.
For further information, please contact Rob MacNiven, Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.