TORONTO, ONTARIO--(Marketwire - Sept. 19, 2007) - First Asset announces the following confirmed distributions for the month ending September 30, 2007. In all cases, the distribution will be paid on or before October 15, 2007 to unitholders of record on September 28, 2007.
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Distrib-
Ution
Amount TSX Annua- Pre-Tax
TSX (per Trading lized Interest
Name Symbol unit) Price (a) Yield (b) Equivalent (c)
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MONTHLY
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First Asset Yield
Opportunity Trust FAY.UN $0.1458 $21.51 8.13% 9.54%
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Preferred Securities
Income Fund PFS.UN $0.12 $17.80 8.09% 11.59%
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Preferred Securities
Limited Duration CAD CAD
Fund - Series A PLD.UN $0.1042 $18.05 6.93% 9.93%
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Preferred Securities
Limited Duration USD USD
Fund - Series B PLD.U $0.0417 $7.41 6.75% 9.68%
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Global 45 Split Corp.
- Class A Shares GFV $0.10 $14.20 8.45% 12.11%
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First Asset REIT
Income Fund RIT.UN $0.08 $12.63 7.60% 9.58%
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First Asset Income &
Growth Fund (d) MBL.UN $0.05833 $8.40 8.33% 10.32%
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First Asset Pipes &
Power Income Fund EWP.UN $0.05833 $7.52 9.31% 10.92%
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First Asset/BlackRock
North American
Dividend
Achievers(TM) Trust BDA.UN $0.05 $9.30 6.45% 9.25%
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Split REIT
Opportunity
Trust - Capital
Units SOT.UN $0.0875 $17.03 6.17% 8.84%
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Utility Split Trust
- Capital Units (e) UST.UN $0.09688 $12.25 9.49% 13.60%
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QUARTERLY
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Global 45 Split Corp.
- Preferred Shares GFV.PR.A $0.13125 $10.22 5.14% 7. 36%
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Split REIT
Opportunity
Trust - Preferred
Securities SOT.PR.A $0.14375 $10.25 5.61% 5.61%
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Utility Split Trust
- Preferred
Securities UST.PR.A $0.15 $10.15 5.91% 5.91%
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First Asset
Diversified
Convertible Debenture
Fund DCD.UN $0.30 $18.50 6.49% 9.30%
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First Asset Global
Infrastructure
Fund (f) FAI.UN $0.1710 $8.55 7.02% n/a
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(a) As at close on September 17, 2007. (b) Based on trading price as at September 17, 2007. (c) Estimated - based on Ontario tax rates. (d) Formerly Montrusco Bolton Income & Growth Fund (e) The Trust wishes to clarify that commencing in 2008, Capital Units may be surrendered for redemption during the period from April 15 to 5:00 p.m. (Toronto time) on the tenth Business Day prior to the second last Business Day of May. The French version of the Trust's Prospectus dated October 24, 2006 incorrectly states that the Capital Units may be surrendered for redemption during a period beginning on October 15. (f) Reflects distribution from closing date (104 days).
FOR FURTHER INFORMATION PLEASE CONTACT:
First Asset
Rob MacNiven
Investor Relations
(416) 642-1289 or 1-877-642-1289
Website: www.firstasset.com
