First Asset PowerGen Fund: Distribution Press Release15:39 EDT Wednesday, July 21, 2010 TORONTO, ONTARIO--(Marketwire - July 21, 2010) - First Asset PowerGen Fund (TSX:PGT.UN) announces a distribution of $0.07 per Unit for the month ending July 31, 2010. The distribution will be paid on or before August 13, 2010 to unitholders of record on July 30, 2010. FOR FURTHER INFORMATION PLEASE CONTACT: First Asset Rob MacNiven Investor Relations 416-642-1289 or 1-877-642-1289 www.firstasset.com