Press Releases

First Asset Funds Inc. Announces April, 2007 Distributions

TORONTO, ONTARIO--(CCNMatthews - April 19, 2007) - First Asset Funds Inc. announces the following confirmed distributions for the month ending April 30, 2007. In all cases, the distribution will be paid on or before May 15, 2007 to unitholders of record on April 30, 2007.

Name TSX
Symbol
Distribution
Amount
(per unit)
TSX
Trading
Price(a)
Annualized
Yield(b)
Pre-Tax
Interest
Equivalent(c)
First Asset Yield Opportunity FAY.UN $0.1458 $23.65 7.40% 8.68%
Preferred Securities Income Fund PFS.UN $0.12 $19.75 7.29% 10.45%
Preferred Securities Limited Duration Fund - Series A PLD.UN CDN
$0.1042
CDN
$20.15
6.21% 8.89%
Preferred Securities Limited Duration - Series B PLD.U USD
$0.0417
USD
$8.00
6.26% 8.96%
Global 45 Split Corp. - Class A Shares GFV $0.10 $13.75 8.73% 12.51%
First Asset Equal Weight REIT Income Fund RIT.UN $0.08 $13.64 7.04% 8.87%
First Asset Pipes & Power Income Fund EWP.UN $0.05833 $7.70 9.09% 10.67%
First Asset/BlackRock North American Dividend Achievers™ Trust BDA.UN $0.05 $9.70 6.19% 8.86%
Payout Performers® Income Fund PPF.UN $0.05 $9.12 6.58% 8.00%
Split REIT Opportunity Trust - Capital Units SOT.UN $0.0875 $17.41 6.03% 8.64%
Utility Split Trust - Capital Units UST.UN $0.09688 $13.20 8.81% 12.62%
(a) As at close on April 17, 2007
(b) Based on trading price as at April 17, 2007.
(c) Estimated. Based on Ontario tax rates.

For further information, please contact Rob MacNiven, Investor Relations, First Asset Funds Inc. at 416-642-1289 or 1-877-642-1289, or visit www.firstassetfunds.com.