/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION TO THE UNITED STATES OF AMERICA/
TORONTO, Jan. 11, 2016 /CNW/ - First Asset confirms the following regular distributions ("Regular Distributions") previously announced on December 18, 2015, for the year ending December 31, 2015. The estimated special distribution announced on December 18, 2015, in respect of JFT Strategies Fund (the "Special Distribution") has been revised and confirmed, as noted below.
Regular Distributions
The following Regular Distributions will be paid in cash on or before January 15, 2016, to holders of record on December 31, 2015.
|
Name
|
TSX Symbol
|
Confirmed Regular
Distribution
(per unit)
|
|
Utility Split Trust – Capital Units
|
UST.UN
|
$0.05
|
|
Utility Split Trust – Preferred Shares
|
UST.PR.B
|
$0.13125
|
|
Triax Diversified High-Yield Trust
|
TRH.UN
|
$0.07
|
|
First Asset Diversified Convertible Debenture Fund
|
DCD.UN
|
$0.30
|
|
Preferred Share Investment Trust
|
PSF.UN
|
$0.15
|
|
First Asset CanBanc Split Corp. – Preferred Shares
|
CBU.PR.A
|
$0.1625
|
|
Canadian Advantaged Convertibles Fund
|
ADC.UN
|
$0.15
|
|
Can-Financials Income Corp.
|
FIC
|
$0.15
|
|
North American Advantaged Convertibles Fund
|
NCD.UN
|
$0.125
|
|
CanBanc 8 Income Corp.
|
CBF
|
$0.15
|
|
First Asset Morningstar U.S. Consumer Defensive Index Fund
|
UCD.UN
|
$0.0612
|
Special Distribution
For the JFT Strategies Fund, the Special Distribution will be paid on or before January 15, 2016, to holders of record on December 31, 2015. The Special Distribution will be paid by the issuance of units of the Fund, and immediately thereafter, the issued and outstanding capital of the Fund will be consolidated such that the number of issued and outstanding units of the Fund does not change.
|
Name
|
TSX Symbol
|
Confirmed Special
Distribution
(per unit)
|
|
JFT Strategies Fund – Class A
|
JFS.UN
|
$0.8110
|
|
JFT Strategies Fund – Class F
|
n/a
|
$1.0255
|
The actual taxable amounts of all distributions for 2015, including the tax characteristics of the distributions, will be reported to brokers (through CDS Clearing and Depository Services Inc. or "CDS") in early 2016.
First Asset – Smart SolutionsTM
First Asset, a CI Financial Company, is a Canadian investment firm delivering a comprehensive suite of smart ETF solutions. Rooted in strong fundamentals, First Asset's smart solutions strive to deliver better risk-adjusted returns than the broad market, while helping investors achieve their personal financial goals.
This communication is intended for informational purposes only. You will usually pay brokerage fees to your dealer if you purchase or sell units of the investment fund on the TSX. If the units are purchased or sold on the TSX, investors may pay more than the current net asset value when buying units of the investment fund and may receive less than the current net asset value when selling them. There are ongoing fees and expenses associated with owning units of an investment fund. An investment fund must prepare disclosure documents that contain key information about the fund. You can find more detailed information about the fund in these documents. Investment funds are not guaranteed, their values change frequently and past performance may not be repeated. First Asset Funds are managed by First Asset Investment Management Inc., a subsidiary of First Asset Capital Corp. (FA Capital). TMFirst Asset and its logo are trademarks of FA Capital, a wholly owned subsidiary of CI Financial Corp. which is listed on the Toronto Stock Exchange under the symbol "CIX". ®CI FINANCIAL is a registered trademark of CI Investment Inc., used under license.
SOURCE First Asset Close-End Funds
Investor Relations, First Asset at 416-642-1289 or 1-877-642-1289 or visit www.firstasset.com.Copyright CNW Group 2016