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 Equal Weight REIT Income Fund
TSX : RIT.UN

First Asset Equal Weight 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
Payout Performers(TM) Income Fund
TSX : PPF.UN

Payout Performers(TM) Income Fund
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

April 19, 2007 08:00 ET

First Asset Funds Inc. Announces April, 2007 Distributions

TORONTO, ONTARIO--(CCNMatthews - April 19, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending April 30, 2007. In all cases, the distribution will be paid on or before May 15, 2007 to unitholders of record on April 30, 2007.



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Name TSX Distribution TSX Annualized Pre-Tax
Symbol Amount Trading Yield (b) Interest
(per unit) Price Equivalent
(a) (c)
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First Asset Yield
Opportunity Trust FAY.UN $0.1458 $23.65 7.40% 8.68%
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Preferred Securities
Income Fund PFS.UN $0.12 $19.75 7.29% 10.45%
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Preferred Securities
Limited Duration CAD CAD
Fund - Series A PLD.UN $0.1042 $20.15 6.21% 8.89%
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Preferred Securities
Limited Duration USD USD
Fund - Series B PLD.U $0.0417 $8.00 6.26% 8.96%
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Global 45 Split Corp.
- Class A Shares GFV $0.10 $13.75 8.73% 12.51%
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First Asset Equal
Weight REIT
Income Fund RIT.UN $0.08 $13.64 7.04% 8.87%
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First Asset Pipes &
Power Income Fund EWP.UN $0.05833 $7.70 9.09% 10.67%
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First Asset/BlackRock
North American
Dividend
Achievers™
Trust BDA.UN $0.05 $9.70 6.19% 8.86%
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Payout Performers™
Income Fund PPF.UN $0.05 $9.12 6.58% 8.00%
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Split REIT Opportunity
Trust - Capital Units SOT.UN $0.0875 $17.41 6.03% 8.64%
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Utility Split Trust
- Capital Units UST.UN $0.09688 $13.20 8.81% 12.62%
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(a) As at close on April 17, 2007.
(b) Based on trading price as at April 17, 2007.
(C) Estimated - based on Ontario tax rates.

Contact Information

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