First Asset

First Asset

May 19, 2006 08:00 ET

First Asset Funds Inc. Announces May, 2006 Distributions

TORONTO, ONTARIO--(CCNMatthews - May 19, 2006) - First Asset Funds Inc. announces the following confirmed distributions for the month ending May 31, 2006. In all cases, the distribution will be paid on or before June 15, 2006 to unitholders of record on May 31, 2006.



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Name TSX Distribution TSX Annualized Pre-Tax
Symbol Amount Trading Yield (a) Interest
(per unit) Price Equivalent
(May 17/06) (b)
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MONTHLY
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First FAY.UN $ 0.1458 $ 23.15 7.56% 8.87%
Asset
Yield
Opportunity
Trust
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Preferred PFS.UN $ 0.12 $ 18.80 7.66% 10.98%
Securities
Income Fund
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Preferred PLD.UN $ 0.1042 $ 19.14 6.53% 9.36%
Securities
Limited
Duration
Fund
Series A
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Preferred US US
Securities PLD.U $ 0.0417 $ 7.55 6.63% 9.50%
Limited
Duration
Fund
Series B
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Global 45 GFV $ 0.10 $ 12.90 9.30% 13.33%
Split
Corp.
Class A
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First Asset RIT.UN $ 0.0625 $ 10.48 7.16% 9.02%
Equal
Weight
REIT
Income
Fund
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First Asset EWP.UN $ 0.05833 $ 8.20 8.54% 10.01%
Equal
Weight
Pipes &
Power
Income
Fund
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First Asset FAS.UN $ 0.06042 $ 8.15 8.90% 11.21%
Equal
Weight
Small-Cap
Income Fund
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First Asset/ BDA.UN $ 0.05 $ 8.42 7.13% 10.21%
BlackRock
North
American
Dividend
Achievers
Trust
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Payout PPF.UN $ 0.05 $ 8.40 7.14% 8.69%
Performers
Income Fund
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(a) Based on trading price as at close on May 17, 2006
(b) Estimated. Based on Ontario tax rates



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