First Asset Funds Inc. Announces April, 2005 Distributions
TORONTO, April 20, 2005 - First Asset Funds Inc. announces the following confirmed distributions for the month ending April 30, 2005. In all cases, the distribution will be paid on or before May 13, 2005 to unitholders of record on April 29, 2005.
| Fund /Trust | TSX Trading Symbol |
Distribution Amount (per unit) |
Distribution Amount Annualized |
TSX trading price per unit as at Apr 18/05 |
Annualized Yield based on trading price as at Apr 18/05) |
Pre-Tax Interest Equivalent (based on Ontario tax rates) |
|---|---|---|---|---|---|---|
| First Asset Yield Opportunity | FAY.UN | $0.1458 | $1.7496 | $24.70 | 7.08% | 10.15% |
| Preferred Securities Income Fund | PFS.UN | $0.12 | $1.44 | $20.95 | 6.87% | 9.85% |
| Preferred Securities Limited Duration Fund - Series A | PLD.UN | $0.1146 | $1.3752 | $21.09 | 6.52% | 9.34% |
| Preferred Securities Limited Duration - Series B | PLD.U | US $0.0458 |
US $0.5496 |
US $8.75 |
6.28% | 9.00% |
| Global 45 Split Corp. - Class A | GFV | $0.10 | $1.20 | $13.00 | 9.23% | 13.23% |
| First Asset Equal Weight REIT Income Fund | RIT.UN | $0.0625 | $0.75 | $9.14 | 8.21% | 11.76% |
| First Asset Equal Weight Pipes & Power Income Fund | EWP.UN | $0.0580 | $0.696 | $9.45 | 7.37% | 10.55% |
For further information, please call Tanya Carey, Investor Relations, First Asset Funds Inc. at 416-642-1289 or 1-877-642-1289, or visit www.firstassetfunds.com.