/NOT FOR DISSEMINATION TO U.S. NEWSWIRE
SERVICES OR FOR DISSEMINATION TO THE
UNITED STATES OF AMERICA./
TORONTO, Dec. 30, 2016 /CNW/ - First Asset Investment
Management Inc. ("First Asset") announces the confirmed
amounts of the annual special year-end distributions (the
"Special Distributions") for the 2016 tax year for its First
Asset exchange traded funds ("First Asset ETFs"), as set out
in the table below.
Each of the First Asset ETFs is required to distribute any net
income and capital gains that it has earned in the year. The
Special Distributions will generally consist of capital gains
and/or any excess net income at year end. The Special
Distributions will not be paid in cash, but will be reinvested and
the resulting units immediately consolidated so that the number of
units held by each investor will not change. Investors
holding their units outside registered plans will have taxable
amounts to report and an increase in the adjusted cost base of
their investment. In all cases, the Special Distributions will be
paid on or about December 30, 2016 to
unitholders of record on December 29,
2016. The ex-dividend date in each case is
December 23, 2016.
These confirmed amounts are for the Special Distributions only
and do not include the ongoing regular monthly or quarterly cash
distribution amounts which were announced on December 16, 2016, in a separate press
release. These confirmed Special Distribution amounts replace
the previous estimates announced on December
9, 2016.
The actual taxable amounts of all distributions for 2016,
including the tax characteristics of the distributions, will be
reported to brokers (through CDS Clearing and Depository Services
Inc. or "CDS") in early 2017.
|
Fund
Name
|
TSX Trading
Symbol
|
Confirmed
Special Distributions
per Fund Unit as at
December 30, 2016
|
|
First Asset
Morningstar National Bank Québec Index ETF
|
QXM
|
$0.6288
|
|
QXM.A
|
$0.6404
|
|
First Asset
Morningstar US Value Index ETF
|
XXM
|
$0.0638
|
|
XXM.A
|
$0.0474
|
|
XXM.B
|
$0.1447
|
|
XXM.D
|
$0.0420
|
|
First Asset
Morningstar US Dividend Target 50 Index ETF
|
UXM
|
$0.1413
|
|
UXM.A
|
$0.1347
|
|
UXM.B
|
$0.8471
|
|
UXM.D
|
$0.6728
|
|
First Asset
Morningstar International Value Index ETF
|
VXM
|
$0.2300
|
|
VXM.A
|
$0.3300
|
|
VXM.B
|
$0.2919
|
|
VXM.D
|
$0.2700
|
|
First Asset
Morningstar International Momentum Index ETF
|
ZXM
|
$0.0703
|
|
ZXM.A
|
$0.0160
|
|
ZXM.B
|
$0.1232
|
|
ZXM.D
|
$0.0424
|
|
First Asset MSCI USA
Low Risk Weighted ETF
|
RWU
|
$0.1295
|
|
RWU.A
|
$0.1400
|
|
RWU.B
|
$0.1100
|
|
RWU.D
|
$0.1416
|
|
First Asset MSCI
Europe Low Risk Weighted ETF
|
RWE
|
$1.0878
|
|
RWE.A
|
$0.1289
|
|
RWE.B
|
$0.1952
|
|
RWE.D
|
$0.1180
|
|
First Asset Canadian
REIT ETF
|
RIT
|
$0.1927
|
|
RIT.A
|
$0.3550
|
|
First Asset Tech
Giants Covered Call ETF
|
TXF
|
$0.1479
|
|
TXF.A
|
$0.7513
|
|
First Asset Core U.S.
Equity ETF
|
CES
|
$0.1609
|
|
CES.A
|
$0.2234
|
|
CES.B
|
$0.2052
|
|
CES.D
|
$0.2340
|
|
CES.U
|
$0.2716
USD
|
|
CES.V
|
$0.1970
USD
|
|
First Asset Cambridge
Core U.S. Equity ETF
|
FCY
|
$0.3744
|
|
FCY.B
|
$0.3076
|
|
First Asset Long
Duration Fixed Income ETF
|
FLB
|
$0.3215
|
|
First Asset U.S.
Tactical Sector Allocation Index ETF
|
FUT
|
$0.0594
|
|
|
First Asset MSCI
World Low Risk Weighted ETF
|
RWW
|
$0.00
|
|
RWW.A
|
$0.00
|
|
RWW.B
|
$0.00
|
|
RWW.D
|
$0.00
|
|
First Asset
Can-Energy Covered Call ETF
|
OXF
|
$0.00
|
|
OXF.A
|
$0.00
|
|
First Asset
Can-Materials Covered Call ETF
|
MXF
|
$0.00
|
|
MXF.A
|
$0.00
|
|
First Asset Canadian
Convertible Bond ETF
|
CXF
|
$0.00
|
|
CXF.A
|
$0.00
|
|
First Asset Energy
Giants Covered Call ETF
|
NXF
|
$0.00
|
|
NXF.A
|
$0.00
|
|
NXF.B
|
$0.00
|
|
NXF.D
|
$0.00
|
|
First Asset
Morningstar Canada Dividend Target 30 Index ETF
|
DXM
|
$0.00
|
|
DXM.A
|
$0.00
|
|
First Asset
Morningstar Canada Momentum Index ETF
|
WXM
|
$0.00
|
|
WXM.A
|
$0.00
|
|
First Asset
Morningstar Canada Value Index ETF
|
FXM
|
$0.00
|
|
FXM.A
|
$0.00
|
|
First Asset
Morningstar US Momentum Index ETF
|
YXM
|
$0.00
|
|
YXM.A
|
$0.00
|
|
YXM.B
|
$0.00
|
|
YXM.D
|
$0.00
|
|
First Asset MSCI
Canada Low Risk Weighted ETF
|
RWC
|
$0.00
|
|
RWC.A
|
$0.00
|
|
First
Asset Provincial Bond Index ETF
|
PXF
|
$0.00
|
|
PXF.A
|
$0.00
|
|
First Asset 1-5 Year
Laddered Government Strip Bond Index ETF
|
BXF
|
$0.00
|
|
BXF.A
|
$0.00
|
|
First Asset Active
Canadian Dividend ETF
|
FDV
|
$0.00
|
|
FDV.A
|
$0.00
|
|
First Asset U.S.
& Canada Lifeco Income ETF
|
FLI
|
$0.00
|
|
FLI.A
|
$0.00
|
|
First Asset Active
Utility & Infrastructure ETF
|
FAI
|
$0.00
|
|
FAI.A
|
$0.00
|
|
First Asset European
Bank ETF
|
FHB
|
$0.00
|
|
FHB.A
|
$0.00
|
|
First Asset Active
Credit ETF
|
FAO
|
$0.00
|
|
FAO.A
|
$0.00
|
|
FAO.U
|
$0.00
|
|
FAO.V
|
$0.00
|
|
First Asset Core
Canadian Equity ETF
|
CED
|
$0.00
|
|
CED.A
|
$0.00
|
|
First Asset Core
Balanced ETF
|
CBB
|
$0.00
|
|
CBB.A
|
$0.00
|
|
First Asset Global
Financial Sector ETF
|
FSF
|
$0.00
|
|
First Asset Preferred
Share ETF
|
FPR
|
$0.00
|
|
First Asset
Investment Grade Bond ETF
|
FIG
|
$0.00
|
|
First Asset Cambridge
Core Canadian Equity ETF
|
FCE
|
$0.00
|
|
First Asset Canadian
Buyback Index ETF
|
FBE
|
$0.00
|
|
First Asset U.S.
Buyback Index ETF
|
FBU
|
$0.00
|
|
First Asset U.S.
Equity Multi-Factor Index ETF
|
FUM
|
$0.00
|
|
First Asset Canadian
Dividend Low Volatility Index ETF
|
FDL
|
$0.00
|
|
CORPORATE CLASS
ETFs
|
Note
1
|
|
|
First Asset CanBanc
Income Class ETF
|
CIC
|
$0.00
|
|
First Asset Core
Canadian Equity Income ETF
|
CSY
|
$0.00
|
|
First Asset Short
Term Government Bond Index Class ETF
|
FGB
|
$0.00
|
|
First Asset MSCI
Canada Quality Index Class ETF
|
FQC
|
$0.00
|
|
First Asset Global
Value Class ETF
|
FGU
|
$0.00
|
|
First Asset Global
Value (CAD Hedged) Class ETF
|
FGV
|
$0.00
|
|
First Asset Global
Momentum Class ETF
|
FGL
|
$0.00
|
|
First Asset Global
Momentum (CAD hedged) Class ETF
|
FGM
|
$0.00
|
|
|
Note 1 – The
Corporate Class ETFs have a tax year end of December 31, but none
of the Corporate Class ETFs anticipate a special distribution for
2016.
|
First Asset provides estimated distributions for information
purposes only. These estimates are not intended to be, nor should
they be construed to be, legal or tax advice to any particular
person.
Forward-looking Information
This press release
contains forward-looking statements with respect to the estimated
Special Distributions for the First Asset ETFs. By their nature,
these forward-looking statements involve certain risks and
uncertainties that could cause the actual distributions to differ
materially from those contemplated by the forward-looking
statements. Material factors that could cause the actual
Special Distributions to differ from the estimated Special
Distributions between now and the First Asset ETFs' tax year-ends
include, without limitation: the actual amounts of distributions
received by the First Asset ETFs; the actual amount of capital
gains generated from sales of securities; and subscription and
redemption activity in the First Asset ETFs.
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.
This communication is intended for informational purposes
only. Commissions, management fees and expenses all may be
associated with investments in exchange-traded funds. Please read
the prospectus before investing. The funds are not guaranteed,
their values change frequently and past performance may not be
repeated. 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. 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. Further, a forward-looking statement speaks only as of
the date on which such statement is made. 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. These forward-looking
statements are made as of the date of this press release.
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