Press Releases

First Asset Yield Opportunity Trust Announces Completion of Rights Offering

TORONTO, February 12, 2008 - First Asset Yield Opportunity Trust (TSX: FAY.UN) announced that it has completed the offering of rights made pursuant to its rights offering circular dated January 10, 2008. The offering was over-subscribed and accordingly, the maximum of 1,348,363 Series A Units were issued for gross proceeds of approximately $25 million.

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