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 Income & Growth Fund
TSX : IGF.UN

First Asset Income & Growth 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
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

November 21, 2007 08:00 ET

First Asset Funds Inc. Announces November, 2007 Distributions

TORONTO, ONTARIO--(Marketwire - Nov. 21, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending November 30, 2007. In all cases, the distribution will be paid on or before December 14, 2007 to unitholders of record on November 30, 2007.



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Name TSX Distribution TSX Annualized Pre-Tax
Symbol Amount Trading Yield (b) Interest
(per unit) Price (a) Equivalent (c)
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First Asset
Yield
Opportunity
Trust FAY.UN $0.1458 $22.14 7.90% 9.27%
---------------------------------------------------------------------------
Preferred
Securities
Income Fund PFS.UN $0.12 $16.87 8.54% 12.23%
---------------------------------------------------------------------------
Preferred
Securities
Limited
Duration Fund CAD CAD
- Series A PLD.UN $0.1042 $17.40 7.19% 10.30%
---------------------------------------------------------------------------
Preferred
Securities
Limited
Duration Fund USD USD
- Series B PLD.U $0.0417 $7.20 6.95% 9.96%
---------------------------------------------------------------------------
Global 45
Split Corp.
- Class A
Shares GFV $0.10 $14.59 8.22% 11.79%
---------------------------------------------------------------------------
First Asset
REIT Income
Fund RIT.UN $0.08 $12.45 7.71% 9.71%
---------------------------------------------------------------------------
First Asset
Income &
Growth Fund IGF.UN $0.05833 $8.41 8.32% 9.76%
---------------------------------------------------------------------------
First Asset
Pipes & Power
Income Fund EWP.UN $0.05833 $7.05 9.93% 11.65%
---------------------------------------------------------------------------
First Asset/
BlackRock
North
American
Dividend
Achievers™
Trust BDA.UN $0.05 $8.80 6.82% 9.77%
---------------------------------------------------------------------------
Split REIT
Opportunity
Trust
- Capital
Units SOT.UN $0.0875 $15.25 6.89% 9.87%
---------------------------------------------------------------------------
Utility
Split Trust
- Capital
Units UST.UN $0.09688 $11.21 10.37% 14.86%
---------------------------------------------------------------------------

(a) As at close on November 19, 2007. (b) Based on trading price as at
November 19, 2007.
(C) Estimated - based on Ontario tax rates.

Contact Information

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