Canada NewsWire
TORONTO, Nov. 9, 2016
/NOT FOR DISSEMINATION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF
AMERICA./
TORONTO, Nov. 9, 2016 /CNW/ - First Asset Investment Management
Inc. ("First Asset") announces that it will terminate the following funds (the "Funds"). The Funds will
terminate on or about January 16, 2017 (the "Termination Date").
|
Fund Name
|
TSX Ticker(s)
|
|
First Asset Provincial Bond Index ETF
|
PXF, PXF.A
|
|
First Asset Core Balanced ETF
|
CBB, CBB.A
|
|
First Asset Global Momentum Class ETF – Unhedged and CAD Hedged
Classes
|
FGL, FGM
|
|
First Asset Global Value Class ETF – Unhedged and CAD Hedged
Classes
|
FGU, FGV
|
The Manager will request the TSX to de-list units (or shares) of each Fund from the Toronto Stock Exchange (the "TSX") on
or about January 13, 2017. Until such date, units (or shares) of the Funds will continue to be listed
on the TSX. As soon as practicable following the Termination Date, the net assets of each Fund will be liquidated and the
proceeds therefrom distributed pro rata among holders of record of such Fund on the Termination Date. First Asset will issue
an additional press release on or about the Termination Date confirming final details of the terminations.
With respect to First Asset Global Momentum Class ETF (TSX: FGL), First Asset Global Momentum Class (CAD Hedged) ETF (TSX: FGM),
First Asset Global Value Class ETF (TSX: FGU) and First Asset Global Value Class (CAD Hedged) ETF (TSX: FGV) (each, a "Corporate
Class Fund"), holders are reminded that they may take advantage of a tax-deferred switch into any one or more of the remaining
share classes of First Asset Fund Corp. prior to January 1, 2017. Due to certain 2016 Canadian
Federal Budget proposals impacting the Income Tax Act (Canada), beginning January 1, 2017, an exchange of shares of one Corporate Class Fund for another Corporate Class Fund will be a
deemed disposition for income tax purposes.
First Asset – Smart SolutionsTM
First Asset has approximately $3.1 billion of assets under management as at
November 4, 2016. 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.
TMFirst Asset and its logo are trademarks of First Asset Capital Corp., 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 Investments Inc., used under license.
SOURCE First Asset
