TORONTO, ONTARIO--(CCNMatthews - March 21, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month and quarter ending March 31, 2007. In all cases, the distribution will be paid on or before April 13, 2007 to unitholders of record on March 30, 2007.
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Annual- Pre-Tax
Distribution TSX ized Interest
TSX Amount Trading Yield Equivalent
Name Symbol (per unit) Price (a) (b) (c)
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MONTHLY
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First Asset Yield
Opportunity Trust FAY.UN $ 0.1458 $ 24.35 7.19% 8.43%
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Preferred Securities
Income Fund PFS.UN $ 0.12 $ 19.70 7.31% 10.48%
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Preferred Securities
Limited Duration Fund CDN CAD
-- Series A PLD.UN $ 0.1042 $ 20.00 6.25% 8.96%
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Preferred Securities
Limited Duration Fund US USD
-- Series B PLD.U $ 0.0417 $ 8.07 6.20% 8.89%
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Global 45 Split Corp.
-- Class A Shares GFV $ 0.10 $ 13.65 8.79% 12.60%
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First Asset Equal
Weight REIT
Income Fund RIT.UN $ 0.08 $ 13.58 7.07% 8.91%
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First Asset Pipes &
Power Income Fund EWP.UN $ 0.05833 $ 7.44 9.41% 11.04%
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First Asset/BlackRock
North American
Dividend
Achievers(TM) Trust BDA.UN $ 0.05 $ 9.66 6.21% 8.90%
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Payout Performers(TM)
Income Fund PPF.UN $ 0.05 $ 8.41 7.13% 8.68%
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Split REIT
Opportunity Trust
-- Capital Units SOT.UN $ 0.0875 $ 18.40 5.71% 8.18%
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Utility Split Trust
-- Capital Units UST.UN $ 0.09688 $ 13.40 8.68% 12.43%
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QUARTERLY
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Global 45 Split Corp.
-- Preferred Shares GFV.PR.A $ 0.13125 $ 10.70 4.91% 7.03%
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Split REIT
Opportunity Trust
-- Preferred
Securities SOT.PR.A $ 0.14375 $ 10.55 5.45% 5.45%
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Utility Split Trust
-- Preferred
Securities UST.PR.A $ 0.15 $ 10.40 5.77% 5.77%
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(a) As at close on March 19, 2007.
(b) Based on trading price as at March 19, 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
