/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA./
TORONTO, May 3, 2016 /CNW/ - Further to its press releases dated
February 25, 2016, and April 5, 2016, First Asset Investment Management
Inc. ("First Asset") announces that it has completed the amalgamation of First Asset Fund Corp., First Asset Core Fund
Corp., Can-Financials Income Corp. (TSX: FIC) and CanBanc 8 Income Corp. (TSX: CBF) (the "Amalgamation").
In connection with the Amalgamation:
- First Asset CanBanc Income ETF (TSX:CIC) has changed its name to First Asset CanBanc Income Class ETF;
- First Asset Core Canadian Equity Income ETF (TSX: CSY) has changed its name to First Asset Core Canadian Equity Income
Class ETF;
- Each issued and outstanding equity share of CanBanc 8 Income Corp. was exchanged for 0.98557 exchange traded fund shares of
First Asset CanBanc Income Class ETF; and
- Each issued and outstanding equity share of Can-Financials Income Corp. was exchanged for 0.37989 exchange traded fund shares
of First Asset MSCI Canada Quality Index Class ETF.
First Asset MSCI Canada Quality Index Class ETF (TSX: FQC) will commence trading on Wednesday May
4, 2016, on the Toronto Stock Exchange.
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.
First Asset MSCI Canada Quality Index Class ETF and the securities of that fund or any other fund referred to herein are not
sponsored, endorsed or promoted by MSCI, and MSCI bears no liability with respect to any such fund or securities or any index on
which such fund or securities are based. The prospectus contains a more detailed description of the limited relationship MSCI
has with First Asset Investment Management Inc. and any related funds.
Please read the prospectus before investing. Important information about the Fund is contained in its prospectus. Individuals
should seek the advice of professionals, as appropriate, prior to investing. Exchange Traded Funds ("ETFs") are not guaranteed,
their values change frequently and past performance may not be repeated. Commissions, trailing commissions, management fees and
expenses all may be associated with an investment in ETFs. The Fund is 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
