Press Releases

First Asset Yield Opportunity Trust: Press Release

TORONTO, March 20, 2009 - 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 March 31, 2009. The distributions will be paid on or before April 15, 2009 to unitholders of record on March 31, 2009.

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