First Asset REIT Income Fund

First Asset REIT Income Fund
First Asset

First Asset

April 21, 2009 08:00 ET

First Asset REIT Income Fund: Press Release

TORONTO, ONTARIO--(Marketwire - April 21, 2009) - First Asset REIT Income Fund (TSX:RIT.UN) announces a distribution of $0.05 per Unit for the month ending April 30, 2009. The distribution will be paid on or before May 15, 2009 to unitholders of record on April 30, 2009.

Consistent with the Manager's belief that the equity markets represent significant value at current levels, the Manager has commenced selectively deploying the Fund's cash position, which represented as much as approximately 25% of net assets during the market downturn, in high quality Real Estate Investment Trusts and expects to reduce the Fund's cash position to below 10% in the near future.

Contact Information

  • First Asset
    Rob MacNiven
    Investor Relations
    416-642-1289 or 1-877-642-1289