/NOT FOR DISSEMINATION TO
U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF
AMERICA./
TORONTO,
Jan. 16, 2017 /CNW/
- Further to its announcement on November 9, 2016, First Asset Investment
Management Inc. ("First Asset") announces that the
exchange-traded funds (the "Funds") listed below were
terminated effective today. The units (or shares) of
the Funds were delisted from the Toronto Stock Exchange on
January 13, 2017.
At the time of termination, each Fund's final net asset
value ("Final NAV") will be distributed on a pro
rata basis among the Fund's holders. All payments will be
made to holders on or about January 20,
2017 without any further action required by those
holders.
In addition, immediately before the time of termination,
holders of First Asset Provincial Bond Index ETF will receive a
final distribution ("Final Distribution") consisting of net
income not previously distributed by the Fund. The
Final Distribution will be automatically reinvested at a price
equal to the Final NAV per unit of the Fund and consolidated such
that the number of units outstanding and the net asset value per
unit of the Fund following the Final Distribution will not change
(except where there are non-resident unitholders to the extent tax
is required to be withheld in respect of the
distribution).
The Final NAV per unit (or share) and the Final
Distribution (if any) for each Fund will be as follows:
|
|
|
|
|
Fund
Name
|
Ticker(s)
|
Final
NAV
per unit (or share)
|
Final
Distribution
per unit (or share)
|
|
First Asset Provincial Bond Index
ETF
|
|
|
|
|
Common Units
|
PXF
|
$9.8869
|
$0.0220
|
|
Advisor Units
|
PXF.A
|
$9.8821
|
$0.0234
|
|
First Asset Core Balanced ETF
|
|
|
|
|
Common Units
|
CBB
|
$18.9537
|
N/A
|
|
Advisor Units
|
CBB.A
|
$18.9443
|
N/A
|
|
First Asset Global Momentum Class
ETF
|
FGL
|
$21.2517
|
N/A
|
|
First Asset Global Momentum (CAD Hedged) Class
ETF
|
FGM
|
$22.1589
|
N/A
|
|
First Asset Global Value Class ETF
|
FGU
|
$24.2384
|
N/A
|
|
First Asset Global Value (CAD Hedged) Class
ETF
|
FGV
|
$25.2674
|
N/A
|
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.
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