First Asset

First Asset
First Asset Equal Weight REIT Income Fund
TSX : RIT.UN

First Asset Equal Weight REIT Income Fund
First Asset Yield Opportunity Trust
TSX : FAY.UN

First Asset Yield Opportunity Trust
First Asset Pipes & Power Income Fund
TSX : EWP.UN

First Asset Pipes & Power Income Fund
Global 45 Split Corp.
TSX : GFV.PR.A
TSX : GFV

Global 45 Split Corp.
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
Payout Performers(TM) Income Fund
TSX : PPF.UN

Payout Performers(TM) Income Fund
Utility Split Trust
TSX : UST.PR.A
TSX : UST.UN

Utility Split Trust
Split REIT Opportunity Trust
TSX : SOT.UN
TSX : SOT.PR.A

Split REIT Opportunity Trust
First Asset/BlackRock North American Dividend Achievers(TM) Trust
TSX : BDA.UN

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

December 18, 2006 08:00 ET

First Asset Fund Inc. Announces December, 2006 Estimated Distributions

TORONTO, ONTARIO--(CCNMatthews - Dec. 18, 2006) - First Asset Funds Inc. announces the following estimated distributions for the period ending December 31, 2006. For First Asset Equal Weight REIT Income Fund (TSX:RIT.UN), in addition to the regular monthly distribution, the Fund also announces an estimated special distribution of $0.17 per unit for a total of $0.25. In all cases, the distribution will be paid on or before January 15, 2007 to unitholders of record on December 29, 2006.



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Distrib- Pre-Tax
ution TSX Annual- Interest
TSX Amount Trading ized Equivalent
Name Symbol (per unit) Price (a) Yield (b) (c)
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First Asset Yield
Opportunity Trust FAY.UN $0.1458 $24.00 7.29% 8.55%
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Preferred Securities
Income Fund PFS.UN $0.12 $20.03 7.19% 10.30%
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Preferred Securities
Limited Duration CDN CAD
Fund-Series A PLD.UN $0.1042 $20.24 6.18% 8.85%
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Preferred Securities
Limited Duration US USD
Fund-Series B PLD.U $0.0417 $8.20 6.10% 8.75%
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Global 45
Split Corp.
-Class A Shares GFV $0.10 $13.84 8.67% 12.43%
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First Asset Equal
Weight REIT
Income Fund RIT.UN $0.2500 $12.93 7.52%(d) 9.48%
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First Asset Pipes &
Power Income Fund EWP.UN $0.05833 $7.36 9.51% 11.16%
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First Asset
/BlackRock North
American Dividend
Achievers™ Trust BDA.UN $0.05 $9.85 6.09% 8.73%
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Payout Performers™
Income Fund PPF.UN $0.05 $8.06 7.44% 9.06%
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Split REIT
Opportunity Trust
-Capital Units SOT.UN $0.07813 $16.21 5.78% 8.29%
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Utility Split Trust
-Capital Units UST.UN $0.0906 $14.79 7.35% 10.53%
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Global 45 Split Corp.
-Preferred Shares GFV.PR.A $0.13125 $10.73 4.89% 7.01%
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Split REIT
Opportunity Trust
-Preferred
Securities SOT.PR.A $0.14375 $10.17 5.65% 5.65%
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Utility Split Trust
-Preferred
Securities UST.PR.A $0.0734(e) $10.30 6.00% 6.00%
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(a) As at close on December 14, 2006.
(b) Based on trading price as at Dec. 14, 2006.
(c) Estimated. Based on Ontario tax rates.
(d) Based on trailing 12-month distributions.
(e) Reflects interest from closing date (45 days).

Contact Information

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