First Asset

First Asset

August 22, 2005 08:00 ET

First Asset Funds Inc. Announces August, 2005 Distributions

TORONTO, ONTARIO--(CCNMatthews - Aug. 22, 2005) - First Asset Funds Inc. announces the following confirmed distributions for the month ending August 31, 2005. In all cases, the distribution will be paid on or before September 15, 2005 to unitholders of record on August 31, 2005.



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Name TSX Distrib- TSX Annual- Pre-Tax
Symbol ution Trading ized Interest
Amount Price Yield(a) Equiv-
(per unit) (Aug. 18/05) alent(b)
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First Asset
Yield
Opportunity
Trust FAY.UN $0.1458 $24.47 7.15% 10.25%
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Preferred
Securities
Income Fund PFS.UN $0.12 $20.71 6.95% 9.96%
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Preferred
Securities
Limited
Duration
Fund -
Series A PLD.UN $0.1042 $21.20 5.90% 8.45%
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Preferred
Securities
Limited
Duration
Fund -
Series B PLD.U US$0.0417 US $8.30 6.03% 8.64%
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Global
45 Split
Corp.
Class A GFV $0.10 $12.66 9.48% 13.58%
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First
Asset
Equal
Weight
REIT
Income Fund RIT.UN $0.0625 $10.37 7.23% 9.11%
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First
Asset
Equal
Weight
Pipes &
Power
Income Fund EWP.UN $0.05833 $9.11 7.68% 9.01%
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First
Asset
Equal
Weight
Small-Cap
Income Fund FAS.UN $0.06708 $8.71 9.24% 10.44%
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(a) Based on trading price as at August 18, 2005

(b) Estimated. Based on Ontario tax rates

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