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 - Series A
TSX : PLD.UN

Preferred Securities Limited Duration Fund - Series A
Preferred Securities Limited Duration Fund - Series B
TSX : PLD.U

Preferred Securities Limited Duration Fund - Series B
Global 45 Split Corp. - Class A Shares
TSX : GFV

Global 45 Split Corp. - Class A Shares
First Asset REIT Income Fund
TSX : RIT.UN

First Asset REIT Income Fund
First Asset Income & Growth Fund
TSX : IGF.UN

First Asset Income & Growth 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
Split REIT Opportunity Trust - Capital Units
TSX : SOT.UN

Split REIT Opportunity Trust - Capital Units
Utility Split Trust - Capital Units
TSX : UST.UN

Utility Split Trust - Capital Units

October 22, 2007 08:00 ET

First Asset Funds Inc. Announces October, 2007 Distributions

TORONTO, ONTARIO--(Marketwire - Oct. 22, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending October 31, 2007. In all cases, the distribution will be paid on or before November 15, 2007 to unitholders of record on October 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 $ 22.66 7.72% 9.06%
Yield
Opportunity
Trust
--------------------------------------------------------------------------
Preferred PFS.UN $ 0.12 $ 18.25 7.89% 11.31%
Securities
Income
Fund
--------------------------------------------------------------------------
Preferred PLD.UN CAD CAD
Securities $ 0.1042 $ 18.64 6.71% 9.61%
Limited
Duration
Fund
- Series A
--------------------------------------------------------------------------
Preferred USD USD
Securities PLD.U $ 0.0417 $ 7.51 6.66% 9.55%
Limited
Duration
Fund
- Series B
--------------------------------------------------------------------------
Global 45 GFV $ 0.10 $ 15.29 7.85% 11.25%
Split Corp.
- Class A
Shares
--------------------------------------------------------------------------
First Asset RIT.UN $ 0.08 $ 12.81 7.49% 9.44%
REIT Income
Fund
--------------------------------------------------------------------------
First Asset IGF.UN $ 0.05833 $ 8.55 8.19% 9.60%
Income &
Growth
Fund
--------------------------------------------------------------------------
First Asset EWP.UN $ 0.05833 $ 7.66 9.14% 10.72%
Pipes &
Power
Income Fund
--------------------------------------------------------------------------
First Asset BDA.UN $ 0.05 $ 9.59 6.26% 8.97%
/BlackRock
North
American
Dividend
Achievers™
Trust
--------------------------------------------------------------------------
Split REIT SOT.UN $ 0.0875 $ 17.05 6.16% 8.83%
Opportunity
Trust
- Capital
Units
--------------------------------------------------------------------------
Utility UST.UN $ 0.09688 $ 13.00 8.94% 12.82%
Split
Trust
- Capital
Units
--------------------------------------------------------------------------

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


Contact Information

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