First Asset Funds Inc. Announces July, 2008 Distributions
TORONTO, July 22, 2008 - First Asset Funds Inc. announces the following confirmed distributions for the month ending July 31, 2008. In all cases, the distribution will be paid on or before August 15, 2008 to unitholders of record on July 31, 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 $18.42 9.50% 13.61%
Opportunity Trust
- Series A
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First Asset Yield FAY.U USD $5.49 9.62% 13.78%
Opportunity Trust $0.0440
- Series B
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Global 45 Split
Corp. GFV $0.10 $10.25 11.71% 16.78%
- Class A Shares
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First Asset REIT
Income Fund RIT.UN $0.07 $9.70 8.66% 12.04%
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First Asset
Income & Growth IGF.UN $0.05833 $8.08 8.66% 11.66%
Fund
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First Asset Pipes
& Power EWP.UN $0.05833 $6.50 10.77% 13.57%
Income Fund
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First
Asset/BlackRock
North
American Dividend BDA.UN $0.05 $7.06 8.50% 12.18%
Achievers(TM)
Trust
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Split REIT
Opportunity SOT.UN $0.0875 $12.00 8.75% 12.54%
Trust - Capital
Units (d)
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Utility Split
Trust UST.UN $0.09688 $10.40 11.18% 15.05%
- Capital Units
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(a) As at close on July 18, 2008. (b) Based on trading price as at July 18,
2008. (c) Estimated - based on Ontario tax rates. (d) In respect of the
Capital Units of Split REIT Opportunity Trust, normally in July of each year
the Manager provides guidance as to the anticipated distributions for the
coming year, however, due to the prevailing market conditions, the Manager
will determine distribution amounts on a month-to-month basis and will give
further guidance in due course.
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.