TORONTO, ONTARIO--(CCNMatthews - May 22, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending May 31, 2007. In all cases, the distribution will be paid on or before June 15, 2007 to unitholders of record on May 31, 2007.
Pre-Tax
Distribution TSX Interest
TSX Amount Trading Annualized Equivalent
Name Symbol (per unit) Price (a) Yield (b) (c)
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First Asset Yield
Opportunity Trust FAY.UN $0.1458 $23.57 7.42% 8.71%
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Preferred Securities
Income Fund PFS.UN $0.12 $19.51 7.38% 10.58%
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Preferred Securities
Limited Duration CAD CAD
Fund - Series A PLD.UN $0.1042 $19.88 6.29% 9.01%
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Preferred Securities
Limited Duration USD USD
Fund - Series B PLD.U $0.0417 $8.01 6.25% 8.95%
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Global 45 Split Corp.
- Class A Shares GFV $0.10 $14.50 8.28% 11.86%
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First Asset Equal
Weight REIT
Income Fund RIT.UN $0.08 $13.85 6.93% 8.73%
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First Asset Pipes &
Power Income Fund EWP.UN $0.05833 $7.93 8.83% 10.36%
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First Asset/BlackRock
North American
Dividend
Achievers(TM) Trust BDA.UN $0.05 $10.09 5.95% 8.52%
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Payout Performers(R)
Income Fund PPF.UN $0.05 $9.55 6.28% 7.64%
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Split REIT
Opportunity Trust
- Capital Units SOT.UN $0.0875 $18.35 5.72% 8.20%
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Utility Split Trust
- Capital Units UST.UN $0.09688 $14.07 8.26% 11.84%
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(a) As at close on May 17, 2007. (b) Based on trading price as at May 17,
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 1-877-642-1289
Website: www.firstassetfunds.com
