First Asset Funds Inc. Announces February, 2005 Distributions
TORONTO, February 17, 2005 - First Asset Funds Inc. announces the following confirmed distributions for the month ending February 28, 2005. In all cases, the distribution will be paid on or before March 15, 2005 to unitholders of record on February 28, 2005.
| Fund /Trust | TSX Trading Symbol |
Distribution Amount (per unit) |
Distribution Amount Annualized |
TSX trading price per unit as at Feb 15/05 |
Annualized Yield based on trading price as at Feb 15/05) |
Pre-Tax Interest Equivalent (based on Ontario tax rates) |
|---|---|---|---|---|---|---|
| First Asset Yield Opportunity | FAY.UN | $0.1458 | $1.7496 | $24.80 | 7.05% | 10.11% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $1.44 | $22.65 | 6.36% | 9.11% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | $0.1146 | $1.3752 | $22.75 | 6.04% | 8.66% |
| Preferred Securities Limited Duration - Series B | PLD.U | US $0.0458 |
US $0.5496 |
US $9.00 |
6.11% | 8.75% |
| Global 45 Split Corp. - Class A | GFV | $0.10 | $1.20 | $12.99 | 9.24% | 13.24% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.0625 | $0.75 | $10.00 | 7.50% | 10.75% |
For more information, please call Tanya Carey at First Asset Funds Inc. at 416-642-1289 or 1-877-642-1289, or visit www.firstassetfunds.com.