TORONTO, ONTARIO--(CCNMatthews - Feb. 19, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending February 28, 2007. Utility Split Trust is increasing its monthly distribution to $0.09688 from $0.0906 per Capital Unit. In all cases, the distribution will be paid on or before March 15, 2007 to unitholders of record on February 28, 2007.
---------------------------------------------------------------------------
Name TSX Distribution TSX Annualized Pre-Tax
Symbol Amount Trading Yield (b) Interest
(per unit) Price Equivalent
(a) (c)
---------------------------------------------------------------------------
First Asset Yield FAY.UN
Opportunity Trust $0.1458 $24.35 7.19% 8.43%
---------------------------------------------------------------------------
Preferred Securities PFS.UN
Income Fund $0.12 $20.25 7.11% 10.19%
---------------------------------------------------------------------------
Preferred Securities PLD.UN
Limited Duration Fund- CDN CAD
Series A $0.1042 $20.20 6.19% 8.87%
---------------------------------------------------------------------------
Preferred Securities PLD.U
Limited Duration Fund- US USD
Series B $0.0417 $8.05 6.22% 8.91%
---------------------------------------------------------------------------
Global 45 Split GFV
Corp. - Class A Shares $0.10 $14.11 8.50% 12.19%
---------------------------------------------------------------------------
First Asset Equal RIT.UN
Weight REIT
Income Fund $0.0800 $13.92 6.90% 8.69%
---------------------------------------------------------------------------
First Asset Pipes & EWP.UN
Power Income Fund $0.05833 $7.58 9.23% 10.83%
---------------------------------------------------------------------------
First Asset/BlackRock BDA.UN
North American
Dividend
Achievers(TM) Trust $0.05 $10.10 5.94% 8.51%
---------------------------------------------------------------------------
Payout Performers(TM) PPF.UN
Income Fund $0.05 $8.60 6.98% 8.49%
---------------------------------------------------------------------------
Split REIT SOT.UN
Opportunity Trust- $0.0875 $18.50 5.68% 8.13%
Capital Units
---------------------------------------------------------------------------
Utility Split Trust- UST.UN $0.09688 $13.50 8.61% 12.34%
Capital Units
---------------------------------------------------------------------------
(a) As at close on February 15, 2007 (b) Based on trading price as at
February 15, 2007. (c) Estimated - based on Ontario tax rates.
FOR FURTHER INFORMATION PLEASE CONTACT:
First Asset Funds Inc
Rob MacNiven
Investor Relations
(416) 642-1289 or Toll Free: 1-877-642-1289
Website: www.firstassetfunds.com
