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
Payout Performers(R) Income Fund
TSX : PPF.UN

Payout Performers(R) 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

August 22, 2007 08:00 ET

First Asset Funds Inc. Announces August, 2007 Distributions

TORONTO, ONTARIO--(Marketwire - Aug. 22, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending August 31, 2007. In all cases, the distribution will be paid on or before September 14, 2007 to unitholders of record on August 31, 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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First Asset Yield FAY.UN $0.1458 $20.50 8.53% 10.01%
Opportunity Trust
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Preferred Securities
Income Fund PFS.UN $0.12 $17.20 8.37% 12.00%
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Preferred Securities
Limited Duration CAD CAD
Fund - Series A PLD.UN $0.1042 $18.50 6.76% 9.69%
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Preferred Securities
Limited Duration USD USD
Fund - Series B PLD.U $0.0417 $7.50 6.67% 9.56%
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Global 45 Split Corp. GFV $0.10 $13.80 8.70% 12.46%
- Class A Shares
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First Asset REIT
Income Fund RIT.UN $0.08 $12.39 7.75% 9.76%
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First Asset
Pipes & Power
Income Fund EWP.UN $0.05833 $7.44 9.41% 11.04%
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First Asset/BlackRock
North American
Dividend
Achievers™ Trust BDA.UN $0.05 $8.90 6.74% 9.66%
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Payout Performers®
Income Fund (d) PPF.UN $0.05 $9.19 6.53% 7.09%
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Split REIT
Opportunity
Trust - Capital
Units SOT.UN $0.0875 $15.50 6.77% 9.71%
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Utility Split Trust
- Capital Units UST.UN $0.09688 $12.25 9.49% 13.60%
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(a) As at close on August 20, 2007.
(b) Based on trading price as at August 20, 2007.
(c) Estimated - based on Ontario tax rates.
(d) Final distribution before merger into First Asset/BlackRock
North American Dividend Achievers™ Trust.

Contact Information

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