First Asset

First Asset
Payout Performers Income Fund
TSX : PPF.UN

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

First Asset/BlackRock North American Dividend Achievers(TM) Trust

September 28, 2007 08:45 ET

Payout Performers Income Fund and First Asset/BlackRock North American Dividend Achievers™ Trust Announce Completion of Merger

TORONTO, ONTARIO--(Marketwire - Sept. 28, 2007) - Payout Performers Income Fund (TSX:PPF.UN) ("PPF") and First Asset/BlackRock North American Dividend Achievers™ Trust (TSX:BDA.UN) ("BDA") announce the completion of the merger of PPF into BDA. PPF's portfolio securities were converted into cash and transferred to BDA in exchange for units of BDA on the basis of the exchange ratio announced yesterday.

Dividend Achievers™ is a trademark of Mergent, Inc. and has been licensed for use by BDA. BDA is not sponsored, endorsed, sold or promoted by Mergent and Mergent makes no representation regarding the advisability of investing in BDA.

Contact Information

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