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TORONTO, April 20, 2018 /CNW/ - First Asset Tech Giants Covered
Call ETF (the "Fund") (TSX: TXF; TXF.B) announces that a special meeting of the unitholders of the Fund will be held on
Monday, June 4, 2018 and, if required, an adjourned meeting will be held on Tuesday, June 5, 2018. Holders of common units and unhedged common units of record on April 16, 2018 will be entitled to receive notice of and vote at the meeting. The Notice and Management
Information Circular which details the matters to be considered at the meeting will be available on www.sedar.com on or about April 30, 2018.
At the meeting, unitholders of the Fund will be asked to consider and approve an amendment to the fundamental investment
objective of the Fund in response to certain changes to the Global Industry Classification Standard ("GICS") that may, in
the opinion of First Asset Investment Management Inc., as manager and trustee of the Fund (the "Manager"), adversely
impact the Fund. In particular, those changes will reclassify a significant number of companies that the Fund is currently
permitted to invest in, thereby narrowing the universe of available technology issuers which the Fund is currently permitted to
invest in.
The Manager is proposing to amend the investment objective of the Fund in order to substantially preserve the scope of
companies that the Fund is currently permitted to invest in by allowing the Fund to also invest in certain GICS
sub-industries.
First Asset – Smart Solutions™
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 press release contains forward-looking statements and information within the meaning of applicable securities
legislation. The forward-looking statements are not historical facts but reflect the current expectations of First Asset
regarding future results or events and are based on information currently available to them as of the date of this press release.
Certain material factors and assumptions were applied in providing these forward-looking statements. All forward-looking
statements in this press release are qualified by these cautionary statements. First Asset believes that the expectations
reflected in forward-looking statements are based upon reasonable assumptions; however, First Asset can give no assurance that
the actual results or developments will be realized. These forward-looking statements are subject to a number of risks and
uncertainties that could cause actual results or events to differ materially from current expectations. Readers, therefore,
should not place undue reliance on any such forward-looking statements. First Asset undertakes no obligation to publicly update
any such statement or to reflect new information or the occurrence of future events or circumstances except as required by
securities laws.
™First 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
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