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 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 - Capital Units
TSX : SOT.UN

Split REIT Opportunity Trust - Capital Units

October 20, 2006 08:31 ET

First Asset Funds Inc. Announces October, 2006 Distributions

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

First Asset Funds Inc. also announces an increase in the distribution for First Asset Equal Weight REIT Income Fund from $0.0625 to $0.08 per unit for October and estimates the same for the November and December distributions, reflecting realized gains from, among other things, the disposition of the Fund's position in Summit REIT. The REIT sector is benefiting from a growing trend of both domestic and cross-border merger and acquisition activity.



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Name TSX Distri- TSX Annual- Pre-Tax
Symbol bution Trading ized Interest
Amount Price Yield Equiva-
(per unit) (Oct. (a) lent (b)
18/06)
-----------------------------------------------------------------------
First Asset Yield FAY.UN $0.1458 $23.68 7.39% 8.67%
Opportunity Trust
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Preferred Securities PFS.UN $0.12 $20.00 7.20% 10.32%
Income Fund
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Preferred Securities CDN CDN
Limited Duration Fund PLD.UN $0.1042 $20.45 6.11% 8.76%
- Series A
-----------------------------------------------------------------------
Preferred Securities US US
Limited Duration Fund PLD.U $0.0417 $8.09 6.19% 8.86%
- Series B
-----------------------------------------------------------------------
Global 45 Split Corp. GFV $0.10 $13.05 9.20% 13.18%
- Class A Shares
-----------------------------------------------------------------------
First Asset Equal RIT.UN $0.0800 $12.33 7.79% 9.81%
Weight REIT
Income Fund
-----------------------------------------------------------------------
First Asset Pipes & EWP.UN $0.05833 $8.66 8.08% 9.48%
Power Income Fund
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First Asset/BlackRock BDA.UN $0.05 $9.61 6.24% 8.95%
North American
Dividend Achievers
™Trust
-----------------------------------------------------------------------
Payout Performers™ PPF.UN $0.05 $9.40 6.38% 7.77%
Income Fund
-----------------------------------------------------------------------
Split REIT Opportunity SOT.UN $0.07813 $14.52 6.46% 9.25%
Trust - Capital Units
-----------------------------------------------------------------------


(a) Based on trading price as at close on October 18, 2006
(b) Estimated. Based on Ontario tax rates



Contact Information

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