First Asset

First Asset

September 21, 2005 08:00 ET

First Asset Funds Inc. Announces September, 2005 Distributions

TORONTO, ONTARIO--(CCNMatthews - Sept. 21, 2005) - First Asset Funds Inc. announces the following confirmed distributions for the month and quarter ending September 30, 2005. In all cases, the distribution will be paid on or before October 14, 2005 to unitholders of record on September 30, 2005.



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Name TSX Distribution TSX Annualized Pre-Tax
Symbol Amount Trading Yield(a) Interest
(per unit) Price Equivalent(b)
(Sept.
19/05)
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MONTHLY

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First Asset
Yield
Opportunity
Trust FAY.UN $0.1458 $24.15 7.24% 10.38%
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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 $0.1042 $21.49 5.82% 8.34%
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Preferred
Securities
Limited
Duration
Fund US US
- Series B PLD.U $0.0417 $8.40 5.96% 8.54%
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Global 45
Split Corp.
Class A GFV $0.10 $11.75 10.21% 14.64%
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First Asset
Equal Weight
REIT Income
Fund RIT.UN $0.0625 $10.68 7.02% 8.85%
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First Asset
Equal Weight
Pipes & Power
Income Fund EWP.UN $0.05833 $9.42 7.43% 8.72%
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First Asset
Equal Weight
Small-Cap
Income Fund FAS.UN $0.06708 $8.86 9.09% 10.27%
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QUARTERLY

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Global 45
Split Corp.
Preferred
Shares GFV.PR.A $0.13125 $10.75 4.88% 7.00%
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(a) Based on trading price as at Sept. 19, 2005
(b) Estimated. Based on Ontario tax rates



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