/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES OF AMERICA./
TORONTO, May 2, 2017 /CNW/ - Further to its announcement
on April 3, 2017 relating to the
elimination of the advisor class units of its exchange trade funds
("ETFs") (see the table below), First Asset Investment
Management Inc., the manager of the ETFs ("First Asset"),
announces that the conversion of the advisor class units will occur
on or about Friday, July 14, 2017
(the "Conversion Date").
As previously announced, on the Conversion Date, First Asset
plans to reduce the annual management fee on the advisor class
units by an amount equal to the applicable service fee payable in
respect of that class of units and, either concurrently or as soon
as reasonably practicable thereafter, convert all advisor class
units into the corresponding common class units of the same ETF,
subject to receipt of all regulatory and third party approvals, if
any.
No action is required by unitholders on any of these
changes.
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.
TM 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.
|
ETF
Name
|
Advisor
Class
Ticker(s)
|
|
1.
|
First Asset Canadian
Convertible Bond ETF
|
CXF.A
|
|
2.
|
First Asset 1-5 Year
Laddered Government Strip Bond Index ETF
|
BXF.A
|
|
3.
|
First Asset
Can-Energy Covered Call ETF
|
OXF.A
|
|
4.
|
First Asset
Can-Materials Covered Call ETF
|
MXF.A
|
|
5.
|
First Asset Tech
Giants Covered Call ETF
|
TXF.A
|
|
6.
|
First Asset Energy
Giants Covered Call ETF
|
NXF.A
NXF.D
|
|
7.
|
First Asset European
Bank ETF
|
FHB.A
|
|
8.
|
First Asset U.S.
& Canada Lifeco Income ETF
|
FLI.A
|
|
9.
|
First Asset Active
Canadian Dividend ETF
|
FDV.A
|
|
10.
|
First Asset Active
Utility & Infrastructure ETF
|
FAI.A
|
|
11.
|
First Asset Canadian
REIT ETF
|
RIT.A
|
|
12.
|
First Asset
Morningstar Canada Dividend Target 30 Index ETF
|
DXM.A
|
|
13.
|
First Asset
Morningstar US Dividend Target 50 Index ETF
|
UXM.A
UXM.D
|
|
14.
|
First Asset
Morningstar Canada Momentum Index ETF
|
WXM.A
|
|
15.
|
First Asset
Morningstar US Momentum Index ETF
|
YXM.A
YXM.D
|
|
16.
|
First Asset
Morningstar Canada Value Index ETF
|
FXM.A
|
|
17.
|
First Asset
Morningstar US Value Index ETF
|
XXM.A
XXM.D
|
|
18.
|
First Asset
Morningstar International Value Index ETF
|
VXM.A
VXM.D
|
|
19.
|
First Asset
Morningstar International Momentum Index ETF
|
ZXM.A
ZXM.D
|
|
20.
|
First Asset
Morningstar National Bank Québec Index ETF
|
QXM.A
|
|
21.
|
First Asset MSCI
Canada Low Risk Weighted ETF
|
RWC.A
|
|
22.
|
First Asset MSCI USA
Low Risk Weighted ETF
|
RWU.A
RWU.D
|
|
23.
|
First Asset MSCI
Europe Low Risk Weighted ETF
|
RWE.A
RWE.D
|
|
24.
|
First Asset MSCI
World Low Risk Weighted ETF
|
RWW.A
RWW.D
|
|
25.
|
First Asset Active
Credit ETF
|
FAO.A
FAO.V
|
|
26.
|
First Asset Core
Canadian Equity ETF
|
CED.A
|
|
27.
|
First Asset Core U.S.
Equity ETF
|
CES.A
CES.D
CES.V
|
SOURCE First Asset Exchange Traded Funds