First Asset Yield Opportunity Trust TSX: FAY.UN TSX: FAY.U

First Asset

TORONTO, ONTARIO--(Marketwire - Nov. 19, 2008) - First Asset Yield Opportunity Trust (TSX:FAY.UN)(TSX: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.