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.
---------------------------------------------------------------------------- Name TSX Distribution TSX Annualized Pre-Tax Symbol Amount Trading Yield(b) Interest (per unit) Price(a) Equivalent(c) ---------------------------------------------------------------------------- First Asset Yield FAY.UN $0.1458 $20.31 8.61% 12.35% Opportunity Trust - Series A ---------------------------------------------------------------------------- First Asset Yield Opportunity Trust FAY.U USD $6.30 8.38% 12.01% - Series B $0.0440 ---------------------------------------------------------------------------- Global 45 Split Corp. - Class A GFV $0.10 $12.90 9.30% 13.33% Shares ---------------------------------------------------------------------------- First Asset REIT Income Fund RIT.UN $0.07 $10.75 7.81% 10.86% ---------------------------------------------------------------------------- First Asset Income & Growth IGF.UN $0.05833 $8.67 8.07% 10.87% Fund ---------------------------------------------------------------------------- First Asset Pipes & Power EWP.UN $0.05833 $6.93 10.10% 12.73% Income Fund ---------------------------------------------------------------------------- First Asset/BlackRock North American Dividend BDA.UN $0.05 $7.90 7.59% 10.88% Achievers(TM) Trust ---------------------------------------------------------------------------- Split REIT Opportunity SOT.UN $0.0875 $13.16 7.98% 11.43% Trust - Capital Units ---------------------------------------------------------------------------- Utility Split Trust - Capital UST.UN $0.09688 $10.62 10.95% 14.74% Units ---------------------------------------------------------------------------- (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.