First Asset

First Asset

January 20, 2006 08:00 ET

First Asset Funds Inc. Announces January, 2006 Distributions

TORONTO, ONTARIO--(CCNMatthews - Jan. 20, 2006) - First Asset Funds Inc. announces the following confirmed distributions for the month ending January 31, 2006. In all cases, the distribution will be paid on or before February 15, 2006 to unitholders of record on January 31, 2006.



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Name TSX Distri- TSX Annual- Pre-Tax
Symbol bution Trading ized Interest
Amount Price Yield Equiv-
(per (Jan. (a) alent
unit) 18/06) (b)
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MONTHLY
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First Asset Yield FAY.UN $0.1458 $23.90 7.32% 10.49%
Opportunity Trust
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Preferred Securities PFS.UN $0.12 $20.76 6.94% 9.94%
Income Fund
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Preferred Securities
Limited Duration Fund - PLD.UN $0.1042 $21.02 5.95% 8.52%
Series A
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Preferred Securities
Limited Duration Fund - PLD.U US US 5.96% 8.54%
Series B $0.0417 $8.40
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Global 45 Split Corp. GFV $0.10 $11.82 10.15% 14.55%
Class A
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First Asset Equal Weight RIT.UN $0.0625 $10.70 7.01% 8.83%
REIT Income Fund
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First Asset Equal Weight
Pipes & Power Income EWP.UN $0.05833 $9.18 7.62% 8.95%
Fund
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First Asset Equal Weight FAS.UN $0.06417 $7.78 9.90% 11.18%
Small-Cap Income Fund
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First Asset/BlackRock
North American Dividend BDA.UN $0.05 $9.65 6.22% 8.91%
Achievers™ Trust
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(a) Based on trading price as at January 18, 2006
(b) Estimated. Based on Ontario tax rates.



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