First Asset

First Asset
First Asset Yield Opportunity Trust
TSX : FAY.UN

First Asset Yield Opportunity Trust
Preferred Securities Income Fund
TSX : PFS.UN

Preferred Securities Income Fund
Preferred Securities Limited Duration Fund
TSX : PLD.U
TSX : PLD.UN

Preferred Securities Limited Duration Fund
Global 45 Split Corp.
TSX : GFV

Global 45 Split Corp.
First Asset Equal Weight REIT Income Fund
TSX : RIT.UN

First Asset Equal Weight REIT Income Fund
First Asset Pipes & Power Income Fund
TSX : EWP.UN

First Asset Pipes & Power Income Fund
First Asset/BlackRock North American Dividend Achievers(TM) Trust
TSX : BDA.UN

First Asset/BlackRock North American Dividend Achievers(TM) Trust
Payout Performers(TM) Income Fund
TSX : PPF.UN

Payout Performers(TM) Income Fund
Split REIT Opportunity Trust
TSX : SOT.UN

Split REIT Opportunity Trust
Utility Split Trust
TSX : UST.UN

Utility Split Trust

January 22, 2007 08:00 ET

First Asset Funds Inc. Announces January, 2007 Distributions

TORONTO, ONTARIO--(CCNMatthews - Jan. 22, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending January 31, 2007. The monthly distribution in respect of First Asset Equal Weight REIT Income Fund, which consists of income and capital gains, will remain at $0.08. Split REIT Opportunity Trust is increasing its monthly distribution from $0.07813 per Capital Unit to $0.0875, consisting of income and capital gains. In all cases, the distribution will be paid on or before February 15, 2007 to unitholders of record on January 31, 2007.



Name TSX Distribution TSX Annualized Pre-Tax
Symbol Amount Trading Yield (b) Interest
(per unit) Price (a) Equivalent
(c)
---------------------------------------------------------------------------
First Asset FAY.UN $ 0.1458 $23.80 7.35% 8.62%
Yield
Opportunity
Trust
---------------------------------------------------------------------------
Preferred PFS.UN $ 0.12 $20.15 7.15% 10.24%
Securities
Income
Fund
---------------------------------------------------------------------------
Preferred CDN CAD
Securities PLD.UN $ 0.1042 $20.35 6.14% 8.81%
Limited
Duration Fund
- Series A
---------------------------------------------------------------------------
Preferred US USD
Securities PLD.U $ 0.0417 $ 8.20 6.10% 8.75%
Limited
Duration Fund
- Series B
---------------------------------------------------------------------------
Global 45 GFV $ 0.10 $13.90 8.63% 12.37%
Split Corp.
- Class A Shares
---------------------------------------------------------------------------
First Asset RIT.UN $ 0.0800 $13.30 7.22% 9.09%
Equal Weight
REIT Income
Fund
---------------------------------------------------------------------------
First Asset EWP.UN $0.05833 $ 7.78 9.00% 10.56%
Pipes & Power
Income Fund
---------------------------------------------------------------------------
First Asset/ BDA.UN $ 0.05 $ 9.91 6.05% 8.68%
BlackRock
North
American Dividend
Achievers™ Trust
---------------------------------------------------------------------------
Payout PPF.UN $ 0.05 $ 8.31 7.22% 8.78%
Performers™
Income
Fund
---------------------------------------------------------------------------
Split REIT SOT.UN $ 0.0875 $17.85 5.88% 8.43%
Opportunity
Trust
- Capital Units
---------------------------------------------------------------------------
Utility Split UST.UN $0.0906 $14.30 7.60% 10.90%
Trust
- Capital Units
---------------------------------------------------------------------------

(a) As at close on January 18, 2007. (b) Based on trading price as at
January 18, 2007.
(c) Estimated. Based on Ontario tax rates.

Contact Information

  • First Asset Funds Inc.
    Rob MacNiven
    Investor Relations
    (416) 642-1289 or 1-877-642-1289
    Website: www.firstassetfunds.com