First Asset Funds Inc. Announces March, 2005 Distributions
TORONTO, March 21, 2005 - First Asset Funds Inc. announces the following confirmed distributions for the month and quarter ending March 31, 2005. In all cases, the distribution will be paid on or before April 15, 2005 to unitholders of record on March 31, 2005.
| Fund /Trust | TSX Trading Symbol |
Distribution Amount (per unit) |
Distribution Amount Annualized |
TSX trading price per unit as at Mar 17/05 |
Annualized Yield based on trading price as at Mar 17/05) |
Pre-Tax Interest Equivalent (based on Ontario tax rates) |
|---|---|---|---|---|---|---|
| MONTHLY | ||||||
| First Asset Yield Opportunity | FAY.UN | $0.1458 | $1.7496 | $25.55 | 6.85% | 9.81% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $1.44 | $21.25 | 6.78% | 9.71% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | $0.1146 | $1.3752 | $21.25 | 6.47% | 9.27% |
| Preferred Securities Limited Duration - Series B | PLD.U | US $0.0458 |
US $0.5496 |
US $9.20 |
5.97% | 8.56% |
| Global 45 Split Corp. - Class A | GFV | $0.10 | $1.20 | $13.11 | 9.15% | 13.12% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.0625 | $0.75 | $9.65 | 7.77% | 11.14% |
| First Asset Equal Weight Pipes & Power Income Fund | EWP.UN | $0.0580 | $0.696 | $9.75 | 7.14% | 10.23% |
| QUARTERLY | ||||||
| Global 45 Split Corp. - Preferred Shares | GFV.PR.A | $0.13125 | $0.525 | $10.65 | 4.93% | 7.06% |
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.