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
TSX : PLD.U
TSX : PLD.UN

Preferred Securities Limited Duration Fund
Global 45 Split Corp.
TSX : GFV

Global 45 Split Corp.
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
Swiss : SOT.UN

Split REIT Opportunity Trust

November 21, 2006 08:00 ET

First Asset Funds Inc. Announces November, 2006 Distributions

TORONTO, ONTARIO--(CCNMatthews - Nov. 21, 2006) - First Asset Funds Inc. announces the following confirmed distributions for the month ending November 30, 2006. In all cases, the distribution will be paid on or before December 15, 2006 to unitholders of record on November 30, 2006.



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Name TSX Distri- TSX Annualized Pre-Tax
Symbol bution Trading Yield Interest
Amount Price (a) Equivalent
(per unit) (Nov. (b)
17/06)
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First Asset Yield
Opportunity Trust FAY.UN $0.1458 $23.85 7.34% 8.61%
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Preferred Securities
Income Fund PFS.UN $0.12 $20.00 7.20% 10.32%
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Preferred Securities
Limited Duration Fund CDN CDN
- Series A PLD.UN $0.1042 $20.25 6.17% 8.85%
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Preferred Securities
Limited Duration Fund US US
- Series B PLD.U $0.0417 $8.11 6.17% 8.84%
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Global 45 Split Corp.
- Class A Shares GFV $0.10 $13.94 8.61% 12.34%
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First Asset Equal Weight
REIT Income Fund RIT.UN $0.0800 $12.85 7.47% 9.41%
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First Asset Pipes & Power
Income Fund EWP.UN $0.05833 $7.15 9.79% 11.49%
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First Asset/BlackRock
North American Dividend
Achievers™ Trust BDA.UN $0.05 $9.67 6.20% 8.89%
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Payout Performers™
Income Fund PPF.UN $0.05 $7.94 7.56% 9.19%
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Split REIT Opportunity
Trust - Capital Units SOT.UN $0.07813 $15.35 6.11% 8.75%
--------------------------------------------------------------------------

(a) Based on trading price as at close on November 17, 2006
(b) Estimated. Based on Ontario tax rates



Contact Information

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