First Asset Announces September, 2008 Distributions

Fri Sep 19, 8:00 AM

TORONTO, ONTARIO--(Marketwire - Sept. 19, 2008) - First Asset announces the following confirmed distributions for the month and quarter ending September 30, 2008. In all cases, the distribution will be paid on or before October 15, 2008 to unitholders of record on September 30, 2008. 

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                                                                   Pre-Tax
                                  Distribution      TSX   Annual- Interest
                              TSX       Amount  Trading      ized  Equiva-
Name                       Symbol    (per unit) Price(a)  Yield(b)  lent(c)
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                                    MONTHLY
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First Asset Yield          
 Opportunity Trust -
 Series A                  FAY.UN $     0.1458 $  17.97      9.74%   13.95%
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First Asset Yield 
 Opportunity Trust -                       USD      USD
 Series B                   FAY.U $     0.0440 $   5.00     10.56%   15.13%
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Global 45 Split Corp.         
 - Class A Shares             GFV $       0.10 $   9.99     12.01%   17.21%
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First Asset REIT Income    
 Fund                      RIT.UN $       0.07 $   9.75      8.62%   11.97%
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First Asset Income &       
 Growth Fund               IGF.UN $    0.05833 $   7.40      9.46%   12.74%
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First Asset Pipes & Power  
 Income Fund               EWP.UN $    0.05833 $   6.02     11.63%   14.65%
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First Asset/BlackRock
 North American Dividend   
 Achievers(TM) Trust       BDA.UN $       0.05 $   6.64      9.04%   12.95%
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Split REIT Opportunity    
 Trust - Capital Units     SOT.UN $     0.0875 $  10.42     10.08%   14.44%
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Utility Split Trust        
 - Capital Units           UST.UN $    0.09688 $   9.20     12.64%   17.01%
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                                  QUARTERLY
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Global 45 Split Corp.    
 - Preferred Shares      GFV.PR.A $    0.13125 $  10.11      5.19%    7.44%
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Split REIT Opportunity   
 Trust - Preferred
 Securities              SOT.PR.A $    0.14375 $  10.27      5.60%    5.60%
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Utility Split Trust      
 - Preferred Securities  UST.PR.A $       0.15 $  10.14      5.92%    5.92%
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First Asset Diversified    
 Convertible Debenture
 Fund                      DCD.UN $       0.30 $  17.71      6.78%    9.71%
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First Asset Global         
 Infrastructure Fund       FAI.UN $       0.15 $   6.47      9.27%     n/a
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(a) As at close on September 17, 2008. (b) Based on trading price as at
September 17, 2008. (c) Estimated - based on Ontario tax rates.

Contacts

Rob MacNiven
First Asset
Investor Relations
(416) 642-1289 or 1-877-642-1289
Website: www.firstasset.com