Press Releases

First Asset Pipes & Power Income Fund: Distribution Press Release

TORONTO, July 22, 2009 - First Asset Pipes & Power Income Fund (TSX: EWP.UN) announces a distribution of $0.03 per Unit for the month ending July 31, 2009. The distribution will be paid on or before August 14, 2009 to unitholders of record on July 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.