First Asset

First Asset

July 20, 2005 08:00 ET

First Asset Funds Inc. Announces July, 2005 Distributions

TORONTO, ONTARIO--(CCNMatthews - July 20, 2005) - First Asset Funds Inc. announces the following confirmed distributions for the month ending July 31, 2005. In all cases, the distribution will be paid on or before August 15, 2005 to unitholders of record on July 29, 2005.



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Name TSX Distrib- TSX Annual- Pre-Tax
Symbol ution Trading ized Interest
Amount Price Yield(a) Equiv-
(per unit) (July 18/05) alent(b)
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First Asset
Yield
Opportunity
Trust FAY.UN $0.1458 $24.42 7.16% 10.27%
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Preferred
Securities
Income Fund PFS.UN $0.12 $21.35 6.74% 9.67%
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Preferred
Securities
Limited
Duration
Fund -
Series A PLD.UN $0.1146 $21.20 6.49% 9.30%
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Preferred
Securities
Limited
Duration
Fund -
Series B PLD.U US$0.0458 US $8.51 6.46% 9.26%
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Global 45
Split
Corp.
Class A GFV $0.10 $12.65 9.49% 13.59%
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First Asset
Equal Weight
REIT Income
Fund RIT.UN $0.0625 $10.13 7.40% 9.33%
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First Asset
Equal Weight
Pipes
& Power
Income
Fund EWP.UN $0.05833 $9.22 7.59% 8.91%
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First Asset
Equal Weight
Small-Cap
Income
Fund FAS.UN $0.06708 $9.00 8.94% 10.11%
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(a) Based on trading price as at July 18, 2005
(b) Estimated. Based on Ontario tax rates


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