Communiqués de presse

First Asset PowerGen Fund and FA Power Fund Complete Merger

TORONTO, June 18, 2008 - First Asset PowerGen Fund (TSX:PGT.UN) ("PGT") and FA Power Fund ("PFA") (TSX:PFA.UN) announce the completion of the merger of PGT and PFA. Former unitholders of PFA received units of the PGT on the basis of the exchange ratio announced yesterday.

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.