Press Releases

First Asset Yield Opportunity Trust: Press Release

TORONTO, November 19, 2008 - First Asset Yield Opportunity Trust (TSX: FAY.UN and FAY.U) announces a distribution of $0.1458 per Series A Unit, and US$0.0440 per Series B Unit, for the month ending November 30, 2008. The distributions will be paid on or before December 15, 2008 to unitholders of record on November 28, 2008.

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