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 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
Global 45 Split Corp. - Preferred Shares
TSX : GFV.PR.A

Global 45 Split Corp. - Preferred Shares
Split REIT Opportunity Trust - Preferred Securities
TSX : SOT.PR.A

Split REIT Opportunity Trust - Preferred Securities
Utility Split Trust - Preferred Securities
TSX : UST.PR.A

Utility Split Trust - Preferred Securities
First Asset Diversified Convertible Debenture Fund
TSX : DCD.UN

First Asset Diversified Convertible Debenture Fund
First Asset Income & Growth Fund
TSX : MBL.UN

First Asset Income & Growth Fund
Utility Split Trust - Capital Units
TSX : UST.UN

Utility Split Trust - Capital Units
First Asset Global Infrastructure Fund
TSX : FAI.UN

First Asset Global Infrastructure Fund

September 19, 2007 08:00 ET

First Asset Announces September, 2007 Distributions

TORONTO, ONTARIO--(Marketwire - Sept. 19, 2007) - First Asset announces the following confirmed distributions for the month ending September 30, 2007. In all cases, the distribution will be paid on or before October 15, 2007 to unitholders of record on September 28, 2007.



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Distrib-
Ution
Amount TSX Annua- Pre-Tax
TSX (per Trading lized Interest
Name Symbol unit) Price (a) Yield (b) Equivalent (c)
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MONTHLY
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First Asset Yield
Opportunity Trust FAY.UN $0.1458 $21.51 8.13% 9.54%
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Preferred Securities
Income Fund PFS.UN $0.12 $17.80 8.09% 11.59%
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Preferred Securities
Limited Duration CAD CAD
Fund - Series A PLD.UN $0.1042 $18.05 6.93% 9.93%
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Preferred Securities
Limited Duration USD USD
Fund - Series B PLD.U $0.0417 $7.41 6.75% 9.68%
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Global 45 Split Corp.
- Class A Shares GFV $0.10 $14.20 8.45% 12.11%
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First Asset REIT
Income Fund RIT.UN $0.08 $12.63 7.60% 9.58%
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First Asset Income &
Growth Fund (d) MBL.UN $0.05833 $8.40 8.33% 10.32%
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First Asset Pipes &
Power Income Fund EWP.UN $0.05833 $7.52 9.31% 10.92%
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First Asset/BlackRock
North American
Dividend
Achievers™ Trust BDA.UN $0.05 $9.30 6.45% 9.25%
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Split REIT
Opportunity
Trust - Capital
Units SOT.UN $0.0875 $17.03 6.17% 8.84%
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Utility Split Trust
- Capital Units (e) UST.UN $0.09688 $12.25 9.49% 13.60%
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QUARTERLY
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Global 45 Split Corp.
- Preferred Shares GFV.PR.A $0.13125 $10.22 5.14% 7. 36%
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Split REIT
Opportunity
Trust - Preferred
Securities SOT.PR.A $0.14375 $10.25 5.61% 5.61%
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Utility Split Trust
- Preferred
Securities UST.PR.A $0.15 $10.15 5.91% 5.91%
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First Asset
Diversified
Convertible Debenture
Fund DCD.UN $0.30 $18.50 6.49% 9.30%
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First Asset Global
Infrastructure
Fund (f) FAI.UN $0.1710 $8.55 7.02% n/a
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(a) As at close on September 17, 2007. (b) Based on trading price as at September 17, 2007. (c) Estimated - based on Ontario tax rates. (d) Formerly Montrusco Bolton Income & Growth Fund (e) The Trust wishes to clarify that commencing in 2008, Capital Units may be surrendered for redemption during the period from April 15 to 5:00 p.m. (Toronto time) on the tenth Business Day prior to the second last Business Day of May. The French version of the Trust's Prospectus dated October 24, 2006 incorrectly states that the Capital Units may be surrendered for redemption during a period beginning on October 15. (f) Reflects distribution from closing date (104 days).

Contact Information

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