Communiqués de presse

First Asset Yield Opportunity Trust: Press Release

TORONTO, January 21, 2009 - First Asset Yield Opportunity Trust (TSX: FAY.UN and FAY.U) announces a distribution of $0.1458 per Series A Unit, and US$0.0440 per Series B Unit, for the month ending January 31, 2009. The distributions will be paid on or before February 13, 2009 to unitholders of record on January 30, 2009.

For further information, please contact Rob MacNiven, Investor Relations at 416-642-1289 or 1-877-642-1289 or visit